Budget Challenge Bonus Quiz

Interest is the additional charge you get for borrowing money

• True

• False

Tags

CCSS.7.RP.A.3

What is the range for credit scores?

• 300-800

• 300-850

• 0-1000

Tags

CCSS.6.RP.A.3C

Which of the following BEST describes income?

• Money received from a parent to pay for ice cream at lunch.

• Money spent on a pair of new Nike Shoes.

• Money donated to a charity.

• Money received for completing your weekly chores.

Tags

CCSS.7.NS.A.1A

A budget helps people make responsible economic decisions.

• True

• False

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

A balanced budget is when income is equal to or greater than expenses.

• True

• False

Tags

CCSS.6.NS.C.5

What is income?

• The amount you spend

• The amount you don't save

• Money taken in

Tags

CCSS.5.NBT.A.3B

A card that borrows money but it has to be paid back

• Debit Card 
• Credit Card 
• Baseball Card 
• Pokemon Card 

What is the least liquid of all consumer investments?

• Real Estate

• Mutual Funds

• Savings Accounts

• Gold

This represents a piece of ownership in a company.

• Certicate

• Option

• Share of stock

• Mutual fund

Great for emergency funds due to their liquidity and stability

• Savings Accounts

• CD's - Certificate of Deposits

• Retirement Account

• Brokerage Account