WorksheetsMoney 101 Unit 1
Total questions: 25
Worksheet time: 20mins
What factors can influence how someone spends their money?
Their wants
Their needs
Peer pressure from friends
Each of these can influence how someone spends their money
Which of the following is not a money personality we covered in Assignment 1?
Avoider
Spender
Baller
Collector
Which of the following money personalities tends to put off making financial decisions?
Collector
Avoider
Spender
Thinker
Which of the following money personalities likes to see their money grow, for example through investments?
Avoider
Collector
Miser
Spender
Missing out on one opportunity because you made a different choice is an example of
Fixed Cost Analysis
Opportunity Cost
Variable Expenses
Checking Accounts
Weighing the cost and the benefit of a choice is known as a...
Credit Card
Tax Statement
Tradeoff
Budget
Sam is a cashier at a grocery store. He makes $8/hour and works 10 hours per week. How much money does Sam earn in one week?
$8
$10
$18
$80
Sam makes $80 per week and puts 75% of his money into savings each week. How much money does Sam save each week?
$80
$75
$60
$20
If Marina spends $15 per week on coffee and wants to save for a new laptop sooner, what tradeoff can she make?
Spend less money on coffee each week
Choose a cheaper laptop to buy
Choose a cheaper coffee drink each visit
All are viable tradeoffs
When making an important purchase, you should ____ by deciding which features you care about and finding the best option before you spend your money.
Open a line of credit
Comparison Shop
Open a checking account
Do chores
Which of the following is not one of the three steps you should take when comparison shopping
Plan
Compare Products
Open a checking account
Compare Costs
When you are planning for an important purchase, you should set a ____ and decide what matters
Credit
Savings
Comparison
Budget
When comparing products, you can/should read online reviews and consider the brand's _____
Stock Market Value
Reputation
Resiliency
Business Plan
Coupons can reduce the final cost of an item; what factor can increase the final cost of an item?
Additional Shipping/Delivery Costs
Coupons
Discounts
Free Shipping
If I have $100 in my checking account and deposit $100, how much money do I now have?
$0
$100
$200
$50
If I have $100 in my checking account and withdraw $70, how much money do I now have in my account?
$100
$70
$170
$30
Which type of account do people typically deposit paychecks into and use for day to day purchases / paying bills?
Credit Account
Savings Account
Checking Account
Venmo
Which type of card is commonly linked to checking accounts and used to make purchases?
ATM Card
Debit Card
Credit Card
Gift Card
Which type of card is great for budgeting because you can preload it with a specific amount, and also when you don't have a bank account?
Prepaid Card
Debit Card
Credit Card
Mobile Wallet
Which type of card can only be used at specific locations or websites?
Prepaid Card
Gift Card
Credit Card
Debit Card
Apps like Venmo, PayPal, Cash App, and Zelle are known as..
Checking Accounts
Mobile Wallets
Peer to Peer Payment Apps
Gift Cards
If I want to split a payment with a friend, which type of payment should I use?
Mobile Wallet
Debit Card
Prepaid Card
Peer to Peer Payment App
Which payment type is an app on your phone that allows you to store debit and credit cards, coupons, and more?
Credit Cards
Mobile Wallets
Gift Cards
Prepaid Cards
The two basic types of transactions used with a checking account are
Credit and Savings
Wire Transfers and Investments
Deposits and Withdrawals
Venmo and PayPal
List two factors that might influence what shoes someone might buy if they need new ones.
