
Budgeting Basics
Interactive Video
•
Social Studies
•
10th Grade
•
Practice Problem
•
Easy
KARA GOLDMAN
Used 1+ times
FREE Resource
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step Debra takes to manage her finances?
Creating an emergency fund
Reducing her expenses
Investing in stocks
Calculating her net income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are examples of fixed expenses?
Entertainment, groceries, gas
Mortgage, insurance, car loans
Investment income, bonuses, wages
Utilities, cell phone bills, cable bills
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are variable expenses?
Costs that remain constant every month
Expenses that fluctuate each month
Fees for fixed services like internet
Initial setup costs for utilities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can Debra use her net income?
To build an emergency savings account or invest
To pay off debts
To increase her spending on entertainment
To loan money to friends
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should Debra do if her expenses are higher than her revenue?
Increase her fixed expenses
Ignore her financial situation
Reduce her variable expenses
Borrow more money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between having a budget and not having one, according to the video?
Having a budget means spending more money irresponsibly
Having a budget leads to financial stability and responsibility
Not having a budget helps in saving money easily
Not having a budget leads to increased income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue, or income, is typically a consistent amount each month.
True
False
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