Personal Budget Quiz

Personal Budget Quiz

2nd Grade

30 Qs

quiz-placeholder

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Personal Budget Quiz

Personal Budget Quiz

Assessment

Quiz

Business

2nd Grade

Practice Problem

Easy

Created by

Jide Babatope

Used 3+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a component of a personal budget?

Income

Weather

Colors

Animals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of expense does not change every month?

Fixed Expenses

Variable Expenses

Savings

Income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is money set aside for future use called?

Savings and Investments

Fixed Expenses

Variable Expenses

Debt Payments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call the money you owe to others?

Debt Payments

Income

Savings

Fixed Expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which component of a personal budget involves planning for unexpected costs?

Variable Expenses

Fixed Expenses

Income

Debt Payments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of a personal budget?

To manage money effectively

To spend all your money

To ignore expenses

To avoid saving

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in budgeting for debt management?

Track and Categorize Expenses

Assess Your Financial Situation

Create a Budget Plan

Monitor and Adjust the Budget

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