Personal Finance - Unit 1 review
Quiz
•
Life Skills
•
9th - 12th Grade
•
Easy
Standards-aligned
Belinda Jones
Used 1+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Exchanging goods or services for other goods or services, without using money is known as _________:
needs
wants
barter
supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An expense that stays the same month-to-month and does not depend on usage is known as ___________ expenses. Example, rent and student loan payment.
fixed
constant
variable
permanent
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A __________ is an estimate of your income and your expenses for a period of time:
money plan
fixed plan
budget
debit plan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your budget shows that you spent more money than you have received, you have a(n):
deficit
surplus
shortfall
variable expenses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Some monthly expenses change in dollar amount based on usage, which means that they are ___________ expenses. For example, food, gas, electricity.
fixed
exempt
questionable
variable
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a fixed expense is:
entertainment
apartment rent
restaurants
vacation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you received more money than you have spent, you have a(n):
deficit
surplus
shortfall
variable expense
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