Ch2.1.2

Ch2.1.2

12th Grade

10 Qs

quiz-placeholder

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Ch2.1.2

Ch2.1.2

Assessment

Quiz

Financial Education

12th Grade

Medium

Created by

Amy Barnett

Used 4+ times

FREE Resource

10 questions

Show all answers

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

A list of monthly bills

A summary of past expenses

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 borrowed from a friend

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 that occurs once a year

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a variable expense?

An expense that is always the same

An expense that varies in dollar amount from month to month

An expense that is paid annually

An expense that is unnecessary

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an intermittent expense?

An expense that occurs monthly

An expense that occurs at various times throughout the year

An expense that is always fixed

An expense that is always variable

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a discretionary expense?

An essential expense

An expense for things you don’t need

An expense that is fixed

An expense that is variable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a fixed expense?

Monthly rent

Grocery bills

Entertainment costs

Travel expenses

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