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Personal Finance

Total soal: 21

Worksheet time: 7mins

Nama
Kelas
Tanggal
1.

What is a budget?

a)

A plan for how money will not be used

b)

A plan for how money will be used

c)

The amount you spend

d)

The amount you save

2.

What is income?

a)

The amount you spend

b)

The amount you don't save

c)

Money taken in

3.

What is variable expense?

a)

The amount of money you spend

b)

The amount of money you save

c)

An expense that costs different amounts every month

d)

The variable in math

4.

What is interest?

a)

Money paid by other people

b)

Money robbed by the bank

c)

Money paid regularly by the bank on the account

5.

What is investment?

a)

money spent on something with the goal of making more money

b)

money spent on other things

c)

money spent on saved products

6.

What is this?

a)

Credit history

b)

Credit card

c)

Credit score

d)

None of the above

7.

What is a budget?

a)

A type of savings account

b)

A way to invest for retirement

c)

A fund for emergencies

d)

A financial plan that defines expenses for a period of time.

8.

A budget helps people make responsible economic decisions.

a)

True

b)

False

9.

Which of the following is an example of income?

a)

Charging a lunch you will pay tomorrow

b)

Buying an ice cream at lunch today

c)

Money you get for working a job

d)

Trading supplies with a friend

10.

What is the difference between income and expense (expenditures)?

a)

An expenditure is money that is saved; an income is money that is spent

b)

An expenditure is money that is earned; an income is money that is received

c)

An income is money that is given to another person; an expenditure is money that is received by another person

d)

An income is money that is received; an expenditure is money that is spent

11.

Which of the following is the MOST financially responsible decision?

a)

Kate sold her old bike helmet for $10 to a friend. She gave the $10 to her favorite charity.

b)

Jared gets $50 for his birthday from his grandma. He spends $75 on XBox games.

c)

Sue was paid $25 for helping her neighbor in the yard. She spent $20 on a t-shirt and $5 on ice cream at the mall.

d)

Jerry earns $100 lifeguarding. He spent $5 on lunch and put the other $95 in the bank.

12.

Which is good advice for saving and spending money?

a)

Spend all of your allowance as soon as you earn it.

b)

Use a budget to plan how much money you can save.

c)

Try to buy things that you want before the things that you need.

d)

Buy things you use only once, and then throw them out.

13.
A card that borrows money but it has to be paid back
a)
Debit Card 
b)
Credit Card 
c)
Baseball Card 
d)
Pokemon Card 
14.
A card that uses money directly from your bank account
a)
Debit Card 
b)
Credit Card 
c)
Pokemon Card 
d)
Baseball Card 
15.
An agreement between a borrower and a lender, where the borrower agrees to repay money with interest over time.
a)
Loan 
b)
Interest 
c)
Income 
d)
Deposit  
16.
A mortgage is used for ...
a)
Buying a new machine
b)
Buying a new vehicle
c)
Buying land or premises
d)
Paying staff wages
17.

Money that you make from your job

a)

Interest

b)

Occupation

c)

Wage

d)

Income

18.

Hourly rate that you get paid

a)

Wage

b)

Income

c)

Salary

d)

Register

19.

Annual pay regardless of hours worked

a)

interest

b)

wage

c)

salary

d)

saving

20.

What is the difference between needs and wants?

a)

Needs - other things

Wants - survival

b)

Needs - survival

Wants - other things

21.

Complete record of your borrowing and repayment performance.

a)

Personal info

b)

Personal history

c)

Credit history

d)

Credit info