Which set of professions fits under the 3rd cash flow quadrant?

Franchise owner Restaurant owner Online retailer Store owner

Franchise owner Restaurant owner Online retailer college professor

Franchise owner Restaurant owner Online retailer stocks trader

Franchise owner Restaurant owner Online retailer venture capitalist

Which set of professions fits under the 4th cash flow quadrant?

angel investor / venture capitalist / private equity investor / mutual fund investor

angel investor / venture capitalist / private equity investor / teacher

angel investor / venture capitalist / private equity investor / store owner

angel investor / venture capitalist / private equity investor / personal trainer

Which set of professions fits under the 2nd cash flow quadrant?

Freelance writer / Personal trainer / Real estate agent / Carpenter

Freelance writer / Personal trainer / Real estate investor / Carpenter

Freelance writer / Personal trainer / waiter / Carpenter

Freelance writer / Personal trainer / Carpenter / Index investor

Which of the following is correct:

savings = income - (needs + wants)

Your monthly income is $9000. How will you allocate money towards your needs, wants, and savings as per the budget rule?

Needs = $4500 Wants = $2700 Savings = $1800

Needs = $4500 Wants = $1800 Savings = $2700

Needs = $4500 Wants = $2500 Savings = $2000

Needs = $4500 Wants = $2800 Savings = $1900

Your monthly income is $8000. How will you allocate money towards your needs, wants, and savings as per the budget rule?

Needs = $4000 Wants = $2400 Savings = $1600

Needs = $4000 Wants = $2200 Savings = $1800

Needs = $4000 Wants = $2100 Savings = $1900

Needs = $4000 Wants = $3000 Savings = $1000

What is the purpose of calculating EMI before taking a loan?

to know if you can afford the monthly payments

to know how much money you need to save for the down payment

to know how long the loan period should be

to know how much money you need to borrow

Your yearly income is $96000. How will you allocate money towards your needs, wants, and savings on a monthly basis as per the budget rule?

Wants = $2400 Needs = $4000 Savings = $1600

Needs = $8000 Wants = $4800 Savings = $3200

Savings = $1600 Wants = $2400 Needs = $1800

Needs = $4000 Wants = $3000 Savings = $1500

Bank pays interest to its depositors.

Bank collects interest from its depositors.

Bank collects interest from its borrowers.

Bank collects interest from its depositors.

The interest rate in a savings account is less than the interest in a fixed deposit account.

The interest rate in a savings account is more than the interest in a fixed deposit account.

Jack always finds himself in debt due to overspending. What can he do to be more financially responsible?

create a budget and stick to it

How are personal loans repaid?

in installments over time, with interest

with a hand-written thank you card and flowers

as a single payment after 5 years without interest

You have a good job that allows you to pay all of your expenses. What other financial responsibility do you have?

saving for your emergency fund and your retirement fund

letting everyone know how much you earn

Which one is true regarding budget?

Without a budget, our spending can go out of hand.

It is very difficult to maintain a budget.

Budget is a surest way of getting bankrupt.

FLQ-10

6th - 8th Grade

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50 Qs

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FLQ-10

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Life Skills

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Practice Problem

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50 questions

Show all answers

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In which cash flow quadrant does the amount of active work determines your income?

employee

business owner

investor

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In which cash flow quadrant does the amount of active work determines your income?

self-employed

business owner

investor

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In which cash flow quadrant does the number of employees determines your income?

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In which cash flow quadrant does a person spend money in hope of making more money?

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In which cash flow quadrant is the employer & employee one and the same?

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one is an example of 2nd cash flow quadrant?

plumber

waiter in a restaurant

mutual fund investor

restaurant owner

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which set of professions fits under the 1st cash flow quadrant?

Receptionist

Teacher

Accountant

Nurse

Receptionist

Teacher

Accountant

Freelance writer

Receptionist

Teacher

Accountant

Angel investor

Receptionist

Teacher

Accountant

Hair stylist

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