Personal Finance Quiz

What is a budget?

• A plan for how money will not be used

• A plan for how money will be used

• The amount you spend

• The amount you save

What is interest?

• money paid by other people

• money robbed by the bank

• money paid regularly by the bank on the account

• money paid by the U.S

What is this called?

• A Check

• A credit card

• A debit card

• Money Order

The process of projecting, organizing, monitoring, and controlling future income and expenses is known as ..........

• Government
• Geography
• Judicial Branch
• Personal Finance

Medium of exchange used to buy goods and services.

• Credit
• Investing
• Saving
• Money

Saving-spending plan that is based on a person’s income and estimated expenses

• Invest
• Credit
• Budget

May cause unnecessary debt

• Debit Card

• Credit Card

• Both

Which type of card is borrowing money that you have to pay back later?

• Credit card

• Debit card

Falling into debt is a potential cost of using a

• debit card

• check

• credit card

Apartment rent is considered to be in which of the following categories?

• unnecessary expenses

• necessary expenses