Spending Plan Test

Spending Plan Test

9th Grade

16 Qs

quiz-placeholder

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Spending Plan Test

Spending Plan Test

Assessment

Quiz

Mathematics

9th Grade

Practice Problem

Medium

CCSS.6.RP.A.3C, CCSS.RI. 9-10.8, DOK Level 1: Recall

+5

Standards-aligned

Created by

Morgan Anderson

Used 3+ times

FREE Resource

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a spending plan?

A. A tool used to record and track projected and actual income and expenses over time.

B. A method to increase income.

C. A way to avoid all expenses.

D. A strategy to invest in stocks.

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is unearned money?

A. Money received for no exchange.

B. Money earned from a job.

C. Money saved in a bank.

D. Money invested in stocks.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What are fixed expenses?

A. Expenses that vary every month.

B. Expenses that occur every period and are typically about the same amount.

C. Expenses that are optional.

D. Expenses that are unpredictable.

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is one reason consumers might feel a budget is restrictive?

A. It allows for more freedom.

B. It provides more options.

C. It limits how money can be spent.

D. It encourages wiser choices.

Tags

CCSS.RI. 9-10.8

CCSS.RI.7.8

CCSS.RI.8.5

CCSS.RI.8.8

CCSS.RI.9-10.5

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following is a way to reduce negative cash flow?

Buying items at full price

Doing comparison shopping

Making impulse decisions

Ignoring sales

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the recommended percentage for Food and Household expenses?

10%

20%

30%

40%

Tags

CCSS.6.RP.A.3C

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What should be done with each envelope in the Envelope System?

It should be ignored

It should be labeled for the category of spending

It should be used for savings only

It should be left empty

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