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WorksheetsJCTC FYE Money Managment Quiz
Total questions: 15
Worksheet time: 8mins
Which of the following is considered a basic need?
A new car
a clothes dryer
a place to sleep
lunch at Steak and Bourbon
Which of the following factors can influence or change financial circumstances?
a new baby
education status
pay raise
all of the above
Which form of payment helps an employee know exactly which day his/her paycheck will be deposited into their depository institution account?
credit cards use money from your taxes.
FIXED EXPENSES
are expenses that do not change each month.
are expenses that can go up and down each month.
are differences between planned and actual income or expenses.
describe how you will pay for achieving your personal goals.
VARIABLE EXPENSES
are expenses that do not change each month.
are expenses that can go up and down each month.
is money added to a checking or savings account.
are special checks that can be ordered from banks or other retailers of personal checks.
Which of the following is a benefit of having an investment account?
Immediate access to funds without any penalties
Protection against inflation
Interest earnings on deposited funds
ASSETS
are items of value that you own that appreciate in value.
allows you quick and easy access to your money without penalties.
is interest earned on both principal and previous interest earnings.
are things we desire to buy.
A new car used for work is an example of an asset that appreciates in value.
true
false
A deficit is when more money is spent than is earned or received.
true
false
If you are trying to substantially reduce the amount you spend on food, you should try...
Go out to dinner
Eat and cook your meals at home
buy all your snacks at Cumberland Farms
purchase all national brand foods
What is the primary purpose of a budget?
To track expenses and income
To increase spending
To avoid paying taxes
