
Consumer and Financial Decisions - Glossary Quiz
Authored by Michelle Poidevin
Business
9th Grade
Used 1+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A type of bank account
A document that tracks past purchases
A plan for managing income and expenses over a period of time
A list of shopping items
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a benefit of having a budget?
Helps you manage your money
Allows you to track spending
Helps you save for future goals
Encourages overspending
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is income?
Money used to pay for groceries
The amount of money earned or received
Money given as a gift
The cost of living
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are expenses?
Money saved for future use
Money earned from a job
Costs or charges for goods and services
Cash used for shopping
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are savings?
Money borrowed from the bank
Money spend on luxury items
Money left after all the bills are paid
Money set aside for future use
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is spending?
Using money to buy goods or services
Saving money each week
Earning extra money
Keeping money in the bank
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit card?
A card that stores loyalty points
A card that allows you to borrow money to make purchases
A prepaid gift card
A debit card linked to your savings
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