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WorksheetsUnit 1
Total questions: 20
Worksheet time: 3hrs 43mins
If you have a total income of $5000 and total expenses of $3700, what is your final balance?
$1500
$1300
$1100
$900
If you spend $250 on groceries, $80 on gas, $70 on clothes, and $90 on other expenses, what are your total expenses?
$490
$530
$375
$565
If Kelly wants to buy a new phone for $900 in 7 months from now, how much money should she save every month?
$100
$128.57
$137.62
$120
If Jim was to buy Pam a wedding ring for $12,000 he would need a loan. He knows he can get a loan with 8.7% interest. How much would he end up paying in interest?
$1,044
$1230
$984
$1352
If Andy were to buy a new Prius for $15,000 with a 6.2% interest rate on the loan, how much would he pay including interest?
$15,930
$16,250
$15,326
$15,555
What is the most important bill you have to take care of ?
House
Entertainment
Car
None Of The Above
What is the most important bill you have to take care of ?
House
Entertainment
Car
None Of The Above
A bank account that allows withdrawals by writing a check.
Credit Card
Checking Account
Expense Account
Withdraw
Cash Account
Which of the following are needs?
Food
Video Games
Clothing
Car
Microwave Oven
A budget is a way to track and manage your
income and expenses
math skills
communication skills
If you are spending too much, what part of your budget should you look to try to save money
housing
insurance
entertainment
Money that is set aside for future short or long term goals or emergencies is called what?
Allowance
Needs
Savings
Wants
money that is owed
debt
budget
transfer
predict
a plan for spending and saving money
debt
transfer
budget
income
If you save $90 a month, how much will you save in a year?
$1080
$7.50
$720
$900
Jackie makes $9.25 an hour as a lifeguard. About how many hours does she need to work to make $450?
(a)
What is considered a want?
Car insurance
Electricity
Medical care
A trip to the Bahamas
Which of the following is an example of a need?
cash in on every sale, so you can save in the long run
replace items that no longer works
I have to match up with my neighbours
shopping helps me to de-stress
Sandra wants to decrease the amount of money she spends on transportation, which of the following would help?
take her friends to everywhjere they go
don't buy gas for her car
drive her car everyday even if she goes to the nearby grocery store
carpool with her co-workers in her community
