Chapter 7 ECON
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•10 Qs
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Chapter 7 ECON
Quiz
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Other
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12th Grade
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Practice Problem
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Medium
Jacob Simon
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total amount of money that is earned
Gross Income
Fixed Expense
Net Income
Mortgage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an expense that does not change from month to month
Fixed Expense
Variable Expense
Net Income
Loan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a loan to buy a house
Principal
Budget
Mortgage
Variable Expense
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount of money a person actually takes home after taxes and other expenses are subtracted from gross income
Budget
Loan
Net Income
Principal
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an expense a person must pay each month, but its amount might change
Mortgage
Variable Expense
Loan
Budget
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
money borrowed from a bank
Fixed Expense
Mortgage
Loan
Gross Income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount of money borrowed when someone takes out a loan.
Mortgage
Principal
Variable Expense
Loan
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