Chapter 1.2 Personal Finance

Chapter 1.2 Personal Finance

12th Grade

10 Qs

quiz-placeholder

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Chapter 1.2 Personal Finance

Chapter 1.2 Personal Finance

Assessment

Quiz

Mathematics

12th Grade

Easy

Created by

Michael Iafrate

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

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

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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