Personal Finance Quiz

What is a budget?

• A type of bank account

• A spending and saving plan for personal finances

• A small plastic card issued by a bank

• A card used to withdraw money from a bank account

What is a checking account?

• A type of bank account

• A spending and saving plan for personal finances

• A small plastic card issued by a bank

• A card used to withdraw money from a bank account

What is a credit card?

• A type of bank account

• A spending and saving plan for personal finances

• A small plastic card issued by a bank

• A card used to withdraw money from a bank account

What is a debit card?

• A type of bank account

• A spending and saving plan for personal finances

• A small plastic card issued by a bank

• A card used to withdraw money from a bank account

What is a deficit?

• Something essential for survival

• What you give up in order to buy what you want

• Managing your money through budgeting, saving, and investments

• Occurs when expenditures exceed revenue

What are needs?

• Something essential for survival

• What you give up in order to buy what you want

• Managing your money through budgeting, saving, and investments

• Occurs when expenditures exceed revenue

What is opportunity cost?

• Something essential for survival

• What you give up in order to buy what you want

• Managing your money through budgeting, saving, and investments

• Occurs when expenditures exceed revenue

What is personal finance?

• Something essential for survival

• What you give up in order to buy what you want

• Managing your money through budgeting, saving, and investments

• Occurs when expenditures exceed revenue

What is a savings account?

• A type of bank account

• A spending and saving plan for personal finances

• A small plastic card issued by a bank

• A card used to withdraw money from a bank account

What is a surplus?

• Something essential for survival

• What you give up in order to buy what you want

• Managing your money through budgeting, saving, and investments

• The amount of money that is left over after all bills have been paid