Summit 1 Unit 3 Vocab

Summit 1 Unit 3 Vocab

University

12 Qs

quiz-placeholder

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Summit 1 Unit 3 Vocab

Summit 1 Unit 3 Vocab

Assessment

Quiz

English

University

Easy

Created by

Pablo Francisco Almaguer de Gutiérrez

Used 15+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of "living within your means"?

Living beyond your means and accumulating debt
Living within your means and saving money
Living within your means and spending all your earnings
Living within your means means spending less money than you earn and not going into debt.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of "living beyond your means"?

Living beyond your means means spending more money than you can afford or earning.
Living within your means means spending less money than you can afford or earning
Living beyond your means means saving more money than you can afford or earning
Living beyond your means means investing wisely and within your budget

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of "drowning in debt"?

The meaning of 'drowning in debt' is being overwhelmed by a large amount of debt.
Sinking in savings
Floating on financial stability
Swimming in wealth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of "making a budget"?

Making a budget refers to creating a plan for how to spend money only
Making a budget is the process of randomly allocating money without a plan
Making a budget means not worrying about money at all
Making a budget refers to the process of creating a plan for how to spend and save money.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of "thrifty"?

Spending money recklessly
Being generous with resources
Careless and wasteful with money

Using money and other resources carefully and not wastefully.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of "a gimmick"?

A gimmick refers to a trick or device intended to attract attention or increase appeal.
A gimmick is a type of food
A gimmick is a type of dance
A gimmick is a type of animal

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of "shell out"?

To clean a shell
To hide inside a shell
To 'shell out' means to pay or spend money, especially a large amount.
To collect shells

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