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Budget Review

Authored by Catherine Bouzan

Life Skills

9th - 12th Grade

Budget Review
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5 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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What is a Budget?

Spending your money

A plan for your money

Going to the bank

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

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  1. Why is it important to budget your money?

  1. So you always know how much money you have and how much money you need for your expenses.

  1. So you do not overspend.

To make sure you have enough money for your needs.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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  1. What are the steps to budgeting your money?

  1. Income, update balance, Expenses, update your balance.

  1. There are no steps to budgeting.

  1. Income and Expenses

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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  1. How do income and deposit relate to each other?

  1. They are total opposites.

  1. Income is when you get money and then you deposit it in your bank account.

  1. Income is when you spend your money.

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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How do expenses and withdrawals relate to each other?

  1. Expenses are when you have to pay money for something so you have to withdraw money out of your bank account.

  1. They are total opposites.

  1. Expenses are when you save your money.

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