Finance REVIEW

What is a budget?

• A plan for how money will not be used

• A plan for how money will be used

• The amount you spend

• The amount you save

Money that you make from your job is known as what?

• Income
• Credit
• Supply
• Demand

Everyone makes choices about how to manage his or her money/income from a job. This is also known as what?

• Personal Finance
• Government
• Civics
• Geography

A plan for making and spending your money wisely

• Balance

• Budget

• Bankruptcy

• Salary

Money is taken from a savings or checking account to cover purchases using this card...

• Debit Card

• Credit Card

• Debit Card & Credit Card

Which card would you use to "buy something now; pay for it later"?

• Debit Card

• Credit Card

• Debit Card & Credit Card

What is the money one spends on bills or obligations called?

• income

• insurance

• salary

• expenses

This is a good spending rule to follow:

Spend more than you make.

• True

• False

Fixed amount you are paid over time

• Wage

• Salary

• Retirement

• Comission

Money set aside for the future

• Budget

• Savings

• Expenses