Chapter 2 Review: Budgeting Basics

Chapter 2 Review: Budgeting Basics

9th - 12th Grade

47 Qs

quiz-placeholder

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Chapter 2 Review: Budgeting Basics

Chapter 2 Review: Budgeting Basics

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

James Blahnik

Used 205+ times

FREE Resource

47 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Although the majority of Americans think budgeting is important, about______ of Americans actually use a budget.

75%

50%

23%

35%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a component of a budget?

Credit score

Saving

Income

Giving

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Online budgeting apps are more effective than budgeting with pen and paper.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the Four Walls?

Utilities, college fund, restaurants, and car insurance

Cell phone bill, car insurance, shelter, and money for the movies

Food, utilities, transportation, and college fund

Food, utilities, shelter, and transportation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many categories should you have in your budget?

15 or more

No more than 10

At least 3

No limit; use as many as you need to keep your budget accurate!

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often should you create a budget?

Daily

Weekly

Monthly

Biannually

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you get married, only one person is responsible for budgeting.

True

False

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