Financial Literacy Quiz

What is the process of planning and controlling the use of money called?

• Budgeting

• Money Management

• Advertising

• Credit

What is a plan for spending money known as?

• Income

• Credit

• Budget

• Warranty

What are costs that remain the same on a regular basis called?

• Flexible Expenses

• Fixed Expenses

• Impulse Buying

• Consumer Decisions

What are costs that may change from month to month called?

• Fixed Expenses

• Flexible Expenses

• Income

• Warranty

What is a way to pay that lets you buy now and pay later?

• Income

• Credit

• Budget

• Advertising

Who is a person that buys or leases goods and services?

• Manufacturer

• Consumer

• Advertiser

• Manager

What is a written guarantee for a product from the manufacturer called?

• Credit

• Warranty

• Budget

• Income

What are choices you make about how to spend your money called?

• Consumer Decisions

• Fixed Expenses

• Advertising

• Impulse Buying

What is a means of communicating to large groups of people?

• Advertising

• Mass Media

• Budget

• Warranty

What is the process of calling attention to a product or a business through mass media?

• Credit

• Consumer Decisions

• Advertising

• Warranty