BUDGET- QUIZ--CLASS SET- DO NOT WRITE ON

BUDGET- QUIZ--CLASS SET- DO NOT WRITE ON

9th Grade

21 Qs

quiz-placeholder

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BUDGET- QUIZ--CLASS SET- DO NOT WRITE ON

BUDGET- QUIZ--CLASS SET- DO NOT WRITE ON

Assessment

Quiz

Specialty

9th Grade

Practice Problem

Hard

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best way to create a budget?

Save 50% & spend 50%.

Create savings goals that you must reach before you can buy any “wants.”

Decide a maximum amount that you can spend each week.

Divide your income into categories and plan how much you’ll spend on each.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a debit card work?

It lets you pay with the money in your checking account.

Your bank lets you borrow money that you have to pay back later

It automatically deducts money from your savings account.

It gives you the option to choose what account you want to pay with.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true about credit cards?

You can’t use a credit card at most stores.

If you don’t pay your balance off in full each month, you’ll accrue interest.

Credit cards allow you to access money in your checking account.

Charging your credit card is the best way to pay for an unexpected expense.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percent of your monthly net income should go toward housing?

30%

20%

10%

25%

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What percent of your monthly net income should go toward food?

10%

25%

20%

30%

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What percent of your monthly net income should go toward food?

10%

20%

1%

30%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Preparing a budget includes all the following EXCEPT:

Income, Expenses, Savings

Gifts & Fun

Only listing your debts & income

Investments

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