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Spring Final Exam~Personal Finance

Authored by Pamela Reaves

Social Studies

8th Grade

Used 8+ times

Spring Final Exam~Personal Finance
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a benefit of creating your own successful business?

Being your own boss

Receiving majority of the profit that the business earns

Working long hours for yourself as opposed to someone else

Taking the blame if the business has any conflicts or problems

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an expenditure?

Money earned by a worker

Money spent

Benefits from a job

Money saved

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is income?

Money earned by a worker in a year

Money spent

Money set aside for future use

Using money in hopes of gaining more in the future

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is investing?

Spending money on anything you want

Saving money constantly

using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits

Setting aside money for future use

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is saving?

Amont of money used for purchasing items

Setting aside money for future use

Amount of money a worker earns

Amount of money spent in a day

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every month after my parents pay all of the family’s bills they set aside a little bit of money for the family to do fun things like go to the movies, bowling and even go to amusement parks.
My family uses a _____________

income 
debt 
interest 
budget 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You find out that you are going to have to purchase your first car. You need to start using which of the following personal finance terms? 

savings 
budget 
credit 
you would need to use all 3 of these

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