Personal Finance Quiz

What type of expense is a gym membership?

• Variable expense

• Fixed expense

• Irregular expense

• One-time expense

Which of the following is an example of a variable expense?

• Phone bill

• Mortgage payment

• Grocery shopping

• Car payment

How is profit determined in a business transaction?

• By dividing revenue by expenses

• By subtracting expenses from revenue

• By multiplying expenses with revenue

• By adding expenses to revenue

If a rocket costs $150 to make and sells for $300, what is the profit?

• $150

• $200

• $250

• $100

What is it called when you take money out of your bank account?

• Loan

• Interest

• Withdrawal

• Deposit