Lesson 11
Specialty
12th Grade
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6 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match the following
Credit Score
A number from 300 to 850 that depicts a consumer's creditworthiness. The higher the score, the better.
Fixed Expenses
The money you earn
Income
An expense in your budget that you can expect to stay the same over time.
Budget Sheet
A tool an individual uses to determine the state of their finances and help them plan spending over the course of a period of time.
2.
MATCH QUESTION
1 min • 1 pt
Match the following
Expenses
An amount of money available for spending that is based on your income and a plan for how it will be spent.
Budget
An expense within your budget that changes from month to month.
Debt
The state of owing money.
Flexible Expenses
The money you spend on products or services.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Before creating a budget, what is the best way to determine how much money you have coming in?
Take a guess at how much you earned this month, and then go from there
Find the average of how much you made over the course of the past three months.
Find the average of how much money you made over the course of the past six months.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a savings account?
A savings account provides an easy way to access your money when you need to write checks or use an ATM or debit card.
A savings account is a way to put money aside that you will not use unless you’re saving for a large purchase or you experience an emergency expense
A savings account will pay you 20% or more to keep your money in the bank and not spend it.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a flexible expense?
Groceries
Mortgage
Student Loans
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False. Your credit score helps determine if you’re able to take out loans for a vehicle or a home.
True
False
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