Personal Decision Making/Banking Quiz

What is the term for the money you earn from various sources such as allowances, part-time jobs, or gifts?

• Expenses

• Budget

• Income

• Debt

Which term describes the money you spend on goods and services, including necessities like food, housing, and transportation?

• Credit Score

• Expenses

• Saving account

• Investing

What is a plan that outlines your income and expenses, helping you manage your money effectively and reach your financial goals?

• Budget

• Interest

• Debt

• Income

What is a bank account where you can deposit money and earn interest on the balance?

• Credit Score

• Saving account

• Expenses

• Investing

What is the term for money borrowed from lenders that must be repaid, often with interest?

• Debt

• Budget

• Income

• Interest

What is the amount of money paid or earned for the use of money?

• Credit Score

• Budget

• Interest

• Expenses

What is a numerical representation of your creditworthiness based on your credit history?

• Income

• Credit Score

• Saving account

• Investing

What is the act of allocating money into assets such as stocks, bonds, or real estate with the expectation of generating income or appreciation over time?

• Budget

• Expenses

• Investing

• Debt

What are things that people desire but are not necessary for survival?

• Needs

• Values

• Wants

• Goals

What is something that is necessary to live and function?

• Wants

• Needs

• Goals

• Trade-Off