D Rams Budgeting Quiz
Quiz
•
World Languages
•
9th - 12th Grade
•
Practice Problem
•
Hard
Amy Bernard-Mason
FREE Resource
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29 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a consequence of overdrawing your checking account?
Bounced check fee from the store
Stress from money mismanagement
Overdraft fee from your bank
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Doing a budget does not:
Show if you are overspending in an area
Make overspending more likely
Remove guilt and shame sometimes associated with a purchase
Make your money go further
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your monthly budget should include:
Variable expenses (costs that change month to month, like groceries or gas)
Discretionary expenses (non-essential spending, like entertainment or eating out)
Fixed expenses (costs that stay the same each month, like rent or a car payment)
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is false?
A cash flow (bank) statement summarizes all of the income and outgo (spending) over a certain time period.
A budget is a written plan for saving and spending.
A budget is meant to summarize the saving and spending that has taken place over the past year. after the fact
A budget needs to be realistic to work.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is something that a typical millionaire would do?
Lease (rent) a new car
Spend less money than he or she makes
Replace things that are not broken
Carry debt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rent is a:
Fixed expense
Variable expense
Discretionary expense
Intermittent expense (costs that happen from time to time, not every month)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Eating out is a:
Fixed expense
Variable expense
Discretionary expense
Intermittent expense
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