____________ is when you give up a particular benefit or item to get another that you think is more desirable.

Chapter 1.2 Personal Finance

Quiz
•
Mathematics
•
12th Grade
•
Easy
Michael Iafrate
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Trade off
Expenses
Liabilities
Inflation
2.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
____________ is the amount of money a person has to spend after needs are met.
Trade off
Discretionary income
expenses
budget
3.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
_____________ differences between planned income or spending and actual income or spending in a budget.
Net Worth
Assests
Variances
Fixed Expenses
4.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
____________ is/are debt that you owe that must be repaid.
Assets
Money
Liabilities
Net Worth
5.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
__________ are money and items of value that you own.
Assets
Net Worth
Inflation
Trade off
6.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
_____________ is to allocate or provide for an amount of money.
Budgeting
Budget
Net Worth
Variable expenses
7.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
________________ are expenses that can go up and down each month
Fixed Expenses
Net Worth
Inflation
Variable Expenses
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