Economics TEST

Economics TEST

8th Grade

30 Qs

quiz-placeholder

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Economics TEST

Economics TEST

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Easy

Created by

ALETHA MCCULLARS

Used 1+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is something you have to have to survive?

Want

Debt

Need

Profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a plastic card linked to a bank account to allow you to spend money electronically?

Credit Card

Debit Card

Bank Account

Investment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What allows a user to charge money that they will pay back later?

Debit Card

Bank Account

Credit Card

Budget

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is something owed to someone else?

Budget

Debt

Profit

Equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an estimate of income and expenditure for a set period of time?

Debt

Budget

Investment

Revenue

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is living within your means regardless of the level of those means? (You can pay your bills without going into debt)

Financial Responsibility

Profit

Debt

Equity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes merchandise or possessions?

Services

Goods

Equity

Revenue

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