Money University Quiz

What is the primary goal of Money University?

• To teach foreign languages

• To offer cooking classes

• To enhance personal finance understanding

• To provide entertainment

Which type of tax is based on the value of property owned?

• Property tax

• Payroll tax

• Sales tax

• Income tax

What is a balanced budget?

• When income is less than expenses

• When income is equal to or more than expenses

• When there are no expenses

• When expenses exceed income

What is the difference between gross and net income?

• Net income is always higher than gross income

• Both are the same

• Gross income is before deductions, net income is after

• Gross income is after deductions, net income is before

What does Money University offer to ensure future financial security?

• Cooking classes

• Financial literacy courses

• Sports training

• Art workshops