Personal Money Management Unit Review

Personal Money Management Unit Review

8th Grade

16 Qs

quiz-placeholder

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Personal Money Management Unit Review

Personal Money Management Unit Review

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Medium

Used 1+ times

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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All budgets must start with ____________.

Debt

Expenditures

Income

Credit

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which are examples of income? (Choose TWO)

Earning money from working at a clothing store.

Buying clothes from the store.

Giving money to a friend for their birthday.

Getting money from your grandparents for your birthday.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ben makes $50 each month, but spends $40 of it. Lindsey makes $65 each month, but spends $60 of it. Both of them are saving for a new I-Pad. Which one will be able to buy the I-Pad first?

Ben

Lindsey

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

How is saving money beneficial? (Choose THREE)

To build wealth

to limit expenses

to monitor financial resources

to pursue opportunities

to plan for retirement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a benefit of saving money?

to qualify for a new credit card

to have fewer job opportunities

to be prepared for an emergency

to have to decline credit card offers

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are risks associated with debt? (Choose TWO)

losing your job and not being able to pay back the debt

paying back a loan too quickly

being unable to save for emergencies

borrowing money to take a vacation

not saving at least 5% of your income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a risk of mishandling credit (i.e., having too much debt)?

paying more sales tax

receiving higher credit scores

paying higher interest rates

receiving more credit card offers

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