Budgeting Basics Quiz
Authored by Destiny Holmes
Social Studies
8th Grade
Used 6+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A plan for managing income and expenses
A type of bank account
A financial penalty
A government tax
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A plan for how you spend your money.
A tool for cooking.
A type of exercise.
A method for cleaning.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a budget consist of?
Income and Savings
Income and Expenses
Expenses and Investments
Savings and Investments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of income?
Groceries
Entertainment
Paycheck
Rent
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does income represent in a budget?
Money spent
Money saved
Money earned
Money borrowed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does expenses represent in a budget?
Money earned
Money saved
Money spent
Money borrowed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT considered an expense?
Entertainment
Paycheck
Groceries
Rent
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