Income and Expenditure
Authored by Jack Brown
Social Studies
7th - 8th Grade
Used 109+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is income?
The total amount of money spent in a particular period of time.
An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.
A sum of money that is owed to someone else.
The total money received by an individual, household or company on a regular basis, for work or through investments
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is expenditure
The total money received by an individual, household or company on a regular basis, for work or through investments
an estimate of income and expenditure for a set period of time which allows you to plan how much you can spend in that time.
The total amount of money spent in a particular period of time.
the money someone has not spent, usually through a bank or official scheme.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are savings?
The total amount of money spent in a particular period of time.
A sum of money that is owed to someone else.
An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.
the money someone has not spent, usually through a bank or official scheme.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is debt?
An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.
A sum of money that is owed to someone else.
The total amount of money spent in a particular period of time.
the money someone has not spent, usually through a bank or official scheme.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
the money someone has not spent, usually through a bank or official scheme.
An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.
an estimate of income and expenditure for a set period of time which allows you to plan how much you can spend in that time.
the money someone has not spent, usually through a bank or official scheme.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit?
An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.
The total money received by an individual, household or company on a regular basis, for work or through investments
an estimate of income and expenditure for a set period of time which allows you to plan how much you can spend in that time.
the money someone has not spent, usually through a bank or official scheme.
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