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WorksheetsLife skills finance.
Total questions: 20
Worksheet time: 11mins
Which one is a precious metal?
Diamonds.
Gold.
Fifty cent piece.
Copper
Don't spend more than you
(a)
What is one golden rule to money management?
Get a credit card.
Spend more than you make.
Start an emergency fund.
Help your money grow.
What is one golden rule to money management.
Don't spend more than you make.
Diversified portfolio.
Buy precious metals.
Invest a portion of your income.
What is investing?
Putting your money under your mattress
Spending all your money on toys
Letting your money grow over time by buying things that could increase in value
Giving all your money to a friend
.......................is related to money and money management.
Production
Marketing
Finance
Identify the background color of a U.S. $5.00 bill.
Orange
Blue
Green
Yellow
The common name for U.S. currency is:
Orange backs
Blue backs
Green backs
Yellow backs
Who is on the fifty cent piece?
George Washington
Your mom
John
F
Kennedy
Susan
B
Anthony
________ is a type of investment?
Real Estate
Precious
Metals
Bonds
Stocks
What is a debit card?
(a)
Finance is the business function that involves managing
Information
Money
Marketing
Production
Personal finance refers to all the things in your life that involve _______.
Financial Goals
Investments
Money
Savings
.......................is related to money and money management.
Production
Marketing
Finance
What is an emergency fund?
A second savings account.
Linked to your bank account.
A fund separate from your checking and savings account designed for emergencies only.
A fund separate from your checking and savings account designed for borrowing money.
What is a budget?
A plan for spending and saving money.
A list of all your debts.
A type of investment account.
A method to avoid taxes.
Which of the following is a benefit of saving money?
Increased debt.
Financial security.
Higher taxes.
Immediate gratification.
What is the purpose of a retirement account?
To fund vacations.
To save money for future living expenses after you stop working.
To pay off student loans.
To buy a new car.
What is the federal reserve?
A privately owned bank that prints money for the government.
A government agency that prints money for the government.
Taxation is theft.
a local bank.
You have the following financial information for the month:
Initial cash balance: $1,500
Projected revenue: $2,500
Gas: $100
Equipment maintenance fees: $300
Truck payment: $400
Payroll: $3,000
Insurance: $120
What is your projected ending cash balance for the month?
$4,000
$80
($1,420)
$3920
