Budget Quiz Review
Quiz
•
Other
•
11th Grade
•
Practice Problem
•
Easy
Jacquelyn Wiand
Used 24+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rent and car insurance payments are both which type of expenses?
fixed costs that are needs
fixed costs that are wants
variable costs that are needs
variable costs that are wants
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of a budget?
to keep track of your money
to find new sources of income
to differentiate between needs and wants
to determine the amount of taxes to be paid
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Income includes items like gifts and winning a Super Bowl pool.
True
False
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The goal of a budget is _________________.
to spend more than you make
to spend less than you make
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that you earn.
Asset
Expense
Income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an expense?
Money that you spend or give away.
Money that you earn.
Money that you put away for later.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A plan for spending and saving.
Budget
Savings
Income
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