Unit 4 JA Finance: Budgeting

Quiz
•
Social Studies
•
7th Grade
•
Medium
VERNON PAYNE
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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
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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