Financial Literacy Quiz

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

• Cash flow

• Budget

• Expense

• Income

What term describes the total amount of money being transferred into and out of a business or household?

• Depreciation

• Gross income

• Cash flow

• Fixed expense

Who is a person that purchases goods and services for personal use?

• Financial advisor

• Consumer

• Dependent

• Cost comparison

What is the process by which business decisions are analyzed, and the benefits and costs are compared?

• Cost benefit analysis

• Creditworthy

• Depreciation

• Expense

What is the process of comparing the price of different products or services?

• Budget

• Cost comparison

• Cash flow

• Income

What term describes someone financially sound enough to justify the extension of credit?

• Dependent

• Creditworthy

• Financial advisor

• Gross income

Who is a person that relies on another, especially for financial support?

• Consumer

• Dependent

• Financial advisor

• Budget

What is a reduction in the value of an asset with the passage of time called?

• Expense

• Depreciation

• Income

• Cash flow

What is the cost required for something; the money spent on something?

• Expense

• Budget

• Gross income

• Fixed expense

Who is employed to provide financial services or guidance to clients?

• Consumer

• Financial advisor

• Dependent

• Cost comparison