What is budgeting?
11-2 Key Components of Personal Finance
Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
Mario Castillo
Used 1+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is budgeting?
Managing credit
Setting aside money for short-term and long-term goals
Creating a plan to manage income and expenses effectively
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is saving and investing important in personal finance?
To generate potential returns over time
To build a good credit score
To create a budget
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does credit management involve?
Creating a retirement savings plan
Managing debts responsibly and maintaining a good credit score
Identifying and managing potential financial risks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is retirement planning?
Managing credit cards
Setting aside funds to support an individual's lifestyle after retirement
Identifying and managing potential financial risks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is risk management and insurance?
Understanding different types of insurance
Creating a budget
Setting aside money for short-term and long-term goals
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