Personal Finance
Authored by Philmon Mickonen
Social Studies
4th Grade
Used 10+ times
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12 questions
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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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