Personal Finance Quick Check

What is the money we earn from employment?

• Income

• Taxes

• Benefits

• Expenses

Why do most people work?

• They want to live in big cities.

• They want earn money and supply themselves with food, clothing, and shelter.

• They want to ride on buses or trains.

• They want dress in fancy clothes every day.

To pay out, or use money, wealth, resources, etc.

• savings

• credit

• income

• spending

Belief that a person can repay money borrowed for an item.

• savings

• credit

• spending

• income

To lend money to a person or business in order to gain more money in return.

• supply

• investing

• interest

• budget

A plan for your spending and saving is called a __.

• credit

• budget

• standard of living

• credit card

Using your money to make more money is called _______.

• goods

• budget

• investing

• credit card

A Salary is a _____________________

• hourly pay amount
  
• fixed regular payment
  
• paid bi weekly or monthly.
• amount paid for part-time work

Elizabeth works full time at a bakery. Josh works part time at a pharmacy. Who earns a higher income?

• Elizabeth because she works full time

• Elizabeth because she is more skilled

• Josh because he is more skilled

• Josh because he works part time

Raegan graduated high school and works as a nanny. Camden completed 4 years of college and earned his Bachelors degree in finance and now works as a financial director. Who earns a higher income?

• Raegan because she has more experience

• Raegan because she has been working for longer

• Camden because he has more training and skills

• Camden because he works more hours