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Quiz Week #13

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

What are the four types of Money Personalities

a)

Saver

b)

Investor

c)

Balancer

d)

Spender

e)

Creater

2.

What is APR?

a)

Yearly interest rate charged on your credit card

b)

Amount of time you have to pay your balance

c)

Amount of money you pay to access your credit card

d)

Minimum required payment

3.

What is the main purpose of a credit score?

a)

to help lenders decide about lending you money

b)

to measure your income and expenses

c)

to show how much money you have saved

d)

to help you prioritize spending

4.

What is a budget?

a)

spending plan

b)

payment timeline

c)

minimum required payment

d)

interest rates

5.

Match the 50/30/20 Rule

a)

50

1.

needs

b)

30

2.

wants

c)

20

3.

savings

6.

What is the unit price?

a)

$8.49

b)

$0.05

c)

$32.62

7.

You wish to create an emergency fund of 3 moths of income. You earn $3000 each month.

Your fund balance will be _______

a)

$9000

b)

$3000

c)

$6000

d)

$12000

8.

An emergency fund is for unplanned expenses such as

a)

rent

b)

insurance

c)

medical expenses

d)

groceries

9.

Match the following pay periods in ONE YEAR

a)

semi-monthly

1.

24

b)

bi-weekly

2.

26

c)

monthly

3.

12

d)

weekly

4.

52

10.

A card linked to your bank account, so the money you spend comes directly from your checking account.

a)

Credit

b)

Debit