Personal Budget Quiz

Personal Budget Quiz

5th Grade

24 Qs

quiz-placeholder

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Personal Budget Quiz

Personal Budget Quiz

Assessment

Quiz

Science

5th Grade

Practice Problem

Easy

Created by

Widelande Bandoh

Used 4+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of making a budget?

To manage your money by monitoring your income and tracking your expenses

To save money for a vacation

To spend money on entertainment

To borrow money from friends

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If prices are too high, consumers WILL BUY. True or false?

true

false

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select the 3 variable expenses which are also called WANTS instead of NEEDS.

Groceries

clothes

rent

eating out

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select the 3 FIXED expenses which are also called NEEDS instead of WANTS.

Car payment

clothes

house payment

utilities like phone bill

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If prices are too low, businesses WILL make a profit. True or false?

true

false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

My mom and dad own a business. What type of income does the business earn?

Salary/wages

Allowance

Interest from savings accounts

Profits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

My aunt is an employee at Roblox. What type of income does she earn?

Salary/wages

Allowance

Interest from savings accounts

Profits

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