Personal Finance (Money Management)

Personal Finance (Money Management)

Assessment

Flashcard

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Social Studies, Mathematics

6th - 7th Grade

Hard

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14 questions

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1.

FLASHCARD

Front

The process of projecting, organizing, monitoring, and controlling future income and expenses is known as ________________.

Back

Personal Finance

2.

FLASHCARD

Front

Medium of exchange: Coins, Money, Currency, Goods and Services

Back

Money

3.

FLASHCARD

Front

Helps make decisions about your income; Saving- spending plan.

Back

Budget

4.

FLASHCARD

Front

Giving your time and services to an employer in an exchange for money is what?

Back

Income

5.

FLASHCARD

Front

In case of emergency you should have what...

Back

Money Saved

6.

FLASHCARD

Front

By investing you are...

Back

Making your money grow

7.

FLASHCARD

Front

What is interest?

Back

A fee paid for the use of someone else's money.

8.

FLASHCARD

Front

When you buy something using this method you have to pay it back. Sometimes it requires interest. What is this?

Back

Credit

9.

FLASHCARD

Front

All of the following choices are examples of investments except ... Taxes, Stocks and Bonds, Real estate, Businesses

Back

Taxes

10.

FLASHCARD

Front

By investing you should ____ more money than you ____ in due to interest.

Back

get, put

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