Budgeting and Financial Literacy Quiz
Authored by Valerie McDonald
English
8th Grade
CCSS covered
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A plan for unexpected expenses
A written plan for giving, saving, and spending money
A summary of income and expenses
Money received from investments
Tags
CCSS.W.8.2D
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is income?
Money spent on groceries
Money received for work, as a gift, or through investments
Money saved in a bank
Money used for entertainment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a fixed expense?
An expense that changes every month
An expense that remains the same from month to month
An unexpected expense
An expense for luxury items
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a variable expense?
An expense that remains the same every month
An expense that changes month to month but you can expect a bill each month
An expense that occurs once a year
An expense for emergency situations
Tags
CCSS.W.8.2D
CCSS.L.8.4A
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an intermittent expense?
An expense that happens at various times in the year and tends to be a large amount
An expense that occurs monthly
An expense that is always the same
An expense for daily needs
Tags
CCSS.L.8.4A
CCSS.RI.8.4
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a discretionary expense?
An expense for essential items
An expense for things we do not need
An expense that is unavoidable
An expense for monthly bills
Tags
CCSS.W.8.2D
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a zero-based budget?
A budget with no savings
A plan that assigns each dollar of your income to a location
A budget that only tracks expenses
A budget that ignores income
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