Business Math Final

You should always make sure you have a ...

• budget

• credit line

• direct deposit

• credit card

What is The First Foundation

• Pay cash for college

• Build wealth and give

• Save a $500 emergency fund

• Open a checking account

Avoiding debt can lead to financial freedom and hope.

• True

• False

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RL.11-12.2

CCSS.RL.8.2

CCSS.RL.9-10.2

A money principle to keep in mind is to live on______you make.

• Exactly 20% below what

• more than

• the same as

• less than

Tags

CCSS.6.RP.A.3C

What does living paycheck to paycheck mean?

• An expression used to describe a situation when someone eagerly awaits their next paycheck to plan for the month's expenses.

• An expression used to explain the situation in which a person cannot plan past the next paycheck due to financial and budgeting difficulties caused by outside circumstances.

• It occurs when a person's income is devoted to expenses which, in turn, means that little to no money is put in savings.

• When a person chooses to not deposit their paycheck, they are living paycheck to paycheck.

Tags

CCSS.RI.11-12.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.9-10.4

Personal finance is 20% _____ and 80% ______.

• Head knowledge; behavior

• Behavior; head knowledge

• cause; effect

• reactions; behaviors

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

A _____ financial goal takes up to two years to reach.

• Five-level

• short-term

• medium-term

• long-term

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What is The Fifth Foundation?

• Pay cash for your car.

• Get out and stay out of debt.

• Find a financial professional

• Build wealth and give.

Although the majority of Americans think budgeting is important, about ____ of Americans actually use a budget.

• 75%

• 50%

• 23%

• 35%

Tags

CCSS.7.RP.A.3

What are the Four Walls?

• Utilities, college fund, restaurants, and car insurance

• Cell phone bill, car insurance, shelter, and money for the movies

• Food, utilities, transportation, and college fund

• Food, utilities, shelter, and transportation