SS8E3 REVIEW
Authored by Ryan Williams
Social Studies
8th Grade
Used 76+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a reliable method to ensure a steady flow of income for managing expenses and future savings?
Having a job
trading in the stock market
taking out a loan
using a credit card
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does creating a household budget help you?
It will enable you to manage his monthly income wisely and cut down on unnecessary spending.
It will allow you to boost your monthly earnings and lower the taxes you owe to the government.
It will assist you in reducing the savings needed to achieve his major financial objectives each month.
It will help you minimize the risks associated with financial investments and ensure a high return.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the best reason to save money?
To spend on immediate desires
To buy the new flavor of Hot Cheetos
To plan for future goals
To have cash available at all times
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a risk of carrying too much debt?
being required to work without pay
being required to pay higher taxes
being unable to receive future credit
being unable to earn a reliable income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What tool can help an individual track their spending and savings effectively?
Personal budget
Loan agreement
Investment portfolio
Insurance policy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a common use of debt?
Financing business expansion
Purchasing assets like homes or cars
Paying off existing debt
Increasing income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is saving?
Amont of money used for purchasing items
Setting aside money for future use
Amount of money a worker earns
Amount of money spent in a day
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