Budgets

Quiz
•
Social Studies
•
5th Grade
•
Medium
Jennifer Breedon
Used 233+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
A budget is a plan for spending and saving money.
True
False
2.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
The goal of a budget is to SPEND less than you EARN.
True
False
3.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
The goal of a budget is to SPEND more than you SAVE.
True
False
4.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Why is it important to keep a budget?
Budgets make sure you do not spend more money than you can afford.
Budgets can help you save for large purchases.
Budgets show you how much money you get and spend.
All of the above.
5.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Which of the following best describes income?
Money given to a charity that helps others.
Money received for completing a chore or task.
Money received from a parent to pay for lunch.
Money spent on new clothes and shoes for school.
6.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
You go to the movies
Income
Expense
7.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
You get a present for friend’s birthday
Income
Expense
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