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Personal Finance

Authored by Chelsea Pierre

World Languages

12th Grade

Used 3+ times

Personal Finance
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A budget is a financial plan that outlines expected income and expenses over a certain period of time.
A budget is a type of insurance policy
A budget is a type of investment
A budget is a type of bank account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an income?

Income is the money that an individual or business spends on goods and services
Income is the money that an individual or business borrows from others
Income is the money that an individual or business saves for future use
Income is the money that an individual or business receives in exchange for providing a good or service, or through investing capital.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an expense?

Salary received from a job
Investment in stocks
Money earned from sales
Cost incurred in the process of generating revenue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Merit Scholarship?

A merit scholarship is a financial award given to students based on their academic or other achievements, rather than financial need.
A merit scholarship is only available to students with perfect attendance
A merit scholarship is awarded based on financial need
A merit scholarship is a loan that must be repaid with interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a recession?

A recession is a term used to describe a period of economic stability and growth.
A recession is a significant decline in economic activity that lasts for an extended period of time.
A recession is a situation where the economy experiences rapid and sustained growth.
A recession is a sudden increase in economic activity that lasts for a short period of time.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an economy?

An economy is the system of production, distribution, and consumption of goods and services in a particular geographic region.
An economy is the practice of physical exercise and healthy eating habits.
An economy is the process of creating art and music.
An economy is the study of insects and their relationships to their environment.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is excel?

Excel is a web browser
Excel is a spreadsheet program developed by Microsoft.
Excel is a video editing program
Excel is a word processing software

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