Personal Finance

Personal Finance

4th Grade

12 Qs

quiz-placeholder

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Personal Finance

Personal Finance

Assessment

Quiz

Social Studies

4th Grade

Medium

Created by

Philmon Mickonen

Used 10+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Income is...

money earned

money spent

money that is given away

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Expenses/expenditures are...

money saved

money earned

money spent

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does it mean to have a balanced budget?

Income is equal to or more than the expenditures.

Expenditures are equally spread out in the budget.

Income that is earned is less than the expenditures.

Donations to charity are included in the expenditures.

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Last month, Emmanuel earned $50 in income but his overall expenses were $70. Which statement best describes Emmanuel's personal budget?

He has a balanced budget

He has an unbalanced budget

Emmanuel is rich

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Last month, Hailey earned $70 in income, but she only had $40 in expenses/expenditures. Which statements best describe her personal budget?

She has a balanced budget

She has an unbalanced budget

She has a total savings of $30.

She can afford to spend $10 on a new book next month

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Last month, Kevin earned $60 in income, but he had $60 in expenses/expenditures. Which statements best describe his personal budget?

His budget is unbalanced

He has $0 in savings

His budget is balanced.

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Savings in a personal budget is money that is...

total income minus total expenses equals total savings

money/income set aside for the future

possible to have when your expenses are greater than your income

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