Personal Finance Quiz

Personal Finance Quiz

11th Grade

20 Qs

quiz-placeholder

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Personal Finance Quiz

Personal Finance Quiz

Assessment

Quiz

Social Studies

11th Grade

Medium

Created by

Andrea Owens-Jones

Used 3+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 6 pts

Which of the following is an example of a variable expense?

Rent

Car payment

Groceries

Health insurance

2.

MULTIPLE CHOICE QUESTION

3 mins • 6 pts

Which of the following is a correct example of a fixed expense?

Groceries

Gas

Rent

Medical bills

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the word for the following definition: "A sum of money that is borrowed."

credit report

cosigner

loan

APR

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your adjusted gross income is _____.

your taxable income after certain deductions

your full salary

very gross

your salary plus benefits

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which element of a personal budget is the money that a person earns or receives?

income

savings

expenses

investments

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which part of a personal budget records the amount of money a person spends?

salary

income

expenses

  interest earned

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following scenarios demonstrates a good budgeting practice?

Julie’s monthly income is less than his monthly expenses.

Carly’s monthly taxes are equal to her monthly expenses.

Rico spends less money each month than he earns at his job.

Sam spends more money each month than he earns at his job.

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