Unit 4 JA Finance: Budgeting

Unit 4 JA Finance: Budgeting

7th Grade

17 Qs

quiz-placeholder

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Unit 4 JA Finance: Budgeting

Unit 4 JA Finance: Budgeting

Assessment

Quiz

Social Studies

7th Grade

Medium

Created by

VERNON PAYNE

Used 299+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is a Bond?

A IOU issued by a company municipality or the federal government.

Something you need to survive in the society

An Automatic saving a amount from a paycheck for future use.

Expenditures

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

My mom plans to lose weight before her wedding that is 3 months away. What term best describes this statement?

Short-term option

Long-term goal

long-term option

short-term goal

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Coach Collins plans to build a new gym for the basketball team in 2 years. What term best fits this statement?

long-term goal

Short-term option

Expenditures

wants

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What does the term principal mean?

The amount of money saved in your bank account for a rainy day.

The amount of money originally invested.

The commitment money to gain a profit or earn interest.

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A business that provides money related services.

Preschool

Burger king

Financial Institution

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What does the term opportunity cost mean?

The next best alternative given up when making a financial choice.

The next best choice given to a teacher instead of a student.

A fee received or paid for the use of money

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

These are expenses that do not change month to month?

Fixed expenses

Budgeting

Variable expenses

Discretionary Income

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