Money Management Final Review

Money Management Final Review

10th Grade

47 Qs

quiz-placeholder

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Money Management Final Review

Money Management Final Review

Assessment

Quiz

Business

10th Grade

Medium

Created by

Meghan Kloc

Used 1+ times

FREE Resource

47 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of a budget?

To track spending habits

To prevent spending money

To earn interest

To pay taxes

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a fixed expense?

Groceries

Rent

Entertainment

Clothing

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An emergency fund is typically used for:

Buying a new car

Paying for unexpected expenses

Investing in stocks

Taking a vacation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What percentage of income is commonly recommended for savings?

5%

10%

25%

50%

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of a discretionary expense?

Utility bills

Dining out

Rent

Insurance premiums

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A budget surplus occurs when:

Expenses are greater than income

Income equals expenses

Income is greater than expenses

Savings are not included in the budget

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The '50/30/20 rule' recommends:

50% savings, 30% needs, 20% wants

50% needs, 30% wants, 20% savings

50% wants, 30% savings, 20% needs

50% debt repayment, 30% needs, 20% wants

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