WorksheetsQuiz: Module 3
Total questions: 20
Worksheet time: 14mins
Name
Class
Date
1.
It is primarily refers to management of financial expenses within their assigned budget.
a)
Student Behavior
b)
Student Expenses
c)
Student Budgeting
d)
Student Allowance
2.
The following are the steps to learn to budget and save money, except?
a)
Assess and Categorize Your Expenses
b)
Break Down Your Total Income
c)
Cook for Yourself
d)
Create a College Student Budget
3.
You can save money on ________?
a)
Book
b)
Bank
c)
Card
d)
Textbook
4.
College students spend on these materials has decreased 41% since ___, according to Inside Higher Ed.
a)
2005
b)
2006
c)
2007
d)
2008
5.
It is the ability to understand financial concepts and use your knowledge to make informed decisions about managing your money.
a)
Beneficial
b)
Budgeting
c)
Financial Literacy
d)
Literacy
6.
What types of loans you may qualify for and your ability to meet emergency expenses.
a)
Credit Card
b)
Personal Loan
c)
Payment Plans
d)
Title Loans
7.
The following are the various types of income and expenses most college students have, expect one?
a)
Emergency Fund
b)
Fixed Expenses
c)
Monthly Income
d)
Weekly Income
8.
This includes any money you arrived at school with (e.g., money from family members and financial aid like grants and loans).
a)
Emergency Fund
b)
Fixed Expenses
c)
Total Income
d)
Monthly Income
9.
Necessities with the same prices every month called?
a)
Emergency Fund
b)
Fixed Expenses
c)
Total Income
d)
Monthly Income
10.
Necessities or wants with prices that vary month to month called?
a)
Emergency Fund
b)
Fixed Expenses
c)
Total Income
d)
Variable Expenses
11.
Students can use budgeting apps and tools like __ and __ to manage their finances.
a)
Excel, Mint
b)
Messenger, Viber
c)
Facebook, Files
d)
Words, Chrome
12.
A ___ tells us what we can't afford, but it doesn't keep us from buying it.
a)
Budget
b)
Cash
c)
Funds
d)
Financial
13.
____ means paying tuition and fees, as well as budgeting for housing, food, and books.
a)
Budgeting
b)
College
c)
Habits
d)
Finances
14.
College allows you to meet diverse people and form long-lasting relationships, in what tips for saving money and budgeting in college under this definition?
a)
Avoid Paying Full Price for Textbooks
b)
Cook for Yourself
c)
Embrace Communal Living
d)
Use Student Discounts
15.
The more knowledge students have about their financial responsibility and status, the less likely they are to be in debt.
a)
Student Behavior
b)
Student Expenses
c)
Student Budgeting
d)
Student Allowance
16.
Personal Loans are offered by banks, credit unions and online financial institutions.
a)
True
b)
FALSE
17.
College students who spend moderately should prepare a 12-month. budget of approximately $30, 000
a)
True
b)
FALSE
18.
Financial Literacy includes knowing how to create a budget, using a credit card responsibly, paying off debt, saving and investing for your future, protecting your money, and much more.
a)
True
b)
FALSE
19.
Furthering your education at a college or university can be inexpensive.
a)
True
b)
FALSE
20.
Knowing how to save money is a key part of becoming financially literate.
a)
True
b)
FALSE
100 %
