Chapter 2 Review: Budgeting Basics

Quiz
•
Business
•
9th - 12th Grade
•
Medium
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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