Income and Expenses

Income and Expenses

9th - 12th Grade

15 Qs

quiz-placeholder

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Income and Expenses

Income and Expenses

Assessment

Quiz

Life Skills

9th - 12th Grade

Easy

Created by

Tracee McDonald

Used 6+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _____ is something that is necessary for humans to live a healthy life an example could be food, water, medical, housing, clothing
Need 
Want

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ______ is something that is desired e.g. computer, holiday, car, cell phone
Need 
Want

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An obligation to repay borrowed money.

debt

promise

asset

expense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cost of goods or services.

liability

expense

consumer

budget

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An unlimited amount of wants but limited resources.

bankruptcy

consumer

banker

scarcity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A monthly plan for how you are going to save and spend your income.

expenses

credit

budget

liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

paycheck

anticipated income

anticipated

expense

unanticipated income

unanticipated expense

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