Which of the following is a consequence of overdrawing your checking account?
Money Matters - Chapter 3 Review

Quiz
•
Business
•
10th - 12th Grade
•
Easy
Judith Kitchens
Used 15+ times
FREE Resource
45 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Bounced check fee from the store
Stress from money mismanagement
Overdraft fee from your bank
All of the above
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Doing a budget does not:
Show if you are overspending in an area
Make overspending more likely
Remove guilt and shame sometimes associated with a purchase
Make your money go further
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Your monthly budget should include:
Variable expenses
Discretionary expenses
Fixed expenses
All of the above
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following statements is false?
A cash flow statement summarizes all of the income and outgo (spending) over a certain time period.
A budget is a written plan for saving and spending.
A budget is meant to summarize the saving and spending that has taken place over the past year.
The cash flow statement is reflective of what has already taken place.
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following is something that a typical millionaire would do?
Lease a new car
Spend less money than he or she makes
Replace things that are not broken
Carry debt
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Rent is a:
Fixed expense
Variable expense
Discretionary expense
Intermittent expense
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Eating out is a:
Fixed expense
Variable expense
Discretionary expense
Intermittent expense
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