Which term is a plan for spending and saving that helps guide people to make financial decisions?

• Economics

• Budget

• Opportunity Cost

• Inflation

Generally speaking, what will happen to your tax rate as your salary INCREASES?

• It will be higher

• It will be lower

• None of the above, tax rate stays the same regardless of salary

• None of the above, Taxes aren't related to salary

Generally speaking, what will happen to your tax rate as your salary DECREASES?

• It will be higher

• It will be lower

• None of the above, tax rate stays the same regardless of salary

• None of the above, Taxes aren't related to salary

What is your monthly income BEFORE taxes called?

• Monthly Income

• Monthly Net Income

• Monthly Gross Income

• A Budget

What is your monthly income AFTER taxes called?

• Monthly Income

• Monthly Net Income

• Monthly Gross Income

• A Budget

Which of the following includes many investors that pool their investments together and have a manager control their portfolio?

• Savings Account

• CDs/Bonds

• Stocks/Crypto

• Mutual Funds

Based on classroom discussion and the budget project, which of the following would be the most expensive?

• Bachelor's Degree

• Master's Degree

• PhD Degree

• Medical Degree

Based on your budget and DBQ, which school would be the most expensive?

• In-State School

• Out-of-State School

• Community College

• Trade School

Which term is the assessment of an individual's borrowing history?

• Debit

• Checking

• Savings

• Credit

Which of the following is the best term that describes your financial record that contains your history of borrowing and repaying debts?

• Credit Score

• Credit Report

• Credit

• Debit