Section 2 - Financial Plan

Section 2 - Financial Plan

9th - 12th Grade

27 Qs

quiz-placeholder

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Section 2 - Financial Plan

Section 2 - Financial Plan

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Noel Lopez

Used 34+ times

FREE Resource

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Personal Financial Plan

involves specifying financial goals and describing in detail the spending, financing, and investing plans needed to reach those goals.

The process of forecasting future expenses and income

Anything owned, such as cars, motorcycles, and homes.

What we owe, or our debt

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Budgeting

involves specifying financial goals and describing in detail the spending, financing, and investing plans needed to reach those goals.

The process of forecasting future expenses and income

Anything owned, such as cars, motorcycles, and homes.

What we owe, or our debt

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

assets

involves specifying financial goals and describing in detail the spending, financing, and investing plans needed to reach those goals.

The process of forecasting future expenses and income

Anything owned, such as cars, motorcycles, and homes.

What we owe, or our debt

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Assets

involves specifying financial goals and describing in detail the spending, financing, and investing plans needed to reach those goals.

The process of forecasting future expenses and income

Anything owned, such as cars, motorcycles, and homes.

What we owe, or our debt

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Liabilities

involves specifying financial goals and describing in detail the spending, financing, and investing plans needed to reach those goals.

The process of forecasting future expenses and income

Anything owned, such as cars, motorcycles, and homes.

What we owe, or our debt

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Net Worth

The amount of a specific asset that we own after subtracting any liabilities.

The process of forecasting future expenses and income

Anything owned, such as cars, motorcycles, and homes.

The difference between assets and liability

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Equity

The amount of a specific asset that we own after subtracting any liabilities.

The process of forecasting future expenses and income

Anything owned, such as cars, motorcycles, and homes.

The difference between assets and liability

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