What is personal budgeting?
Personal Finance Quiz for Yr 12

Quiz
•
Mathematics
•
11th - 12th Grade
•
Easy
Mr Otoo
Used 1+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of creating a plan to spend your money
A method to save money
A way to invest in stocks
None of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is income tax?
Tax on the money you earn
Tax on your savings
Tax on your investments
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are common sources of income?
Salary, investments, and rental income
Only salary
Only investments
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What information can you find on a payslip?
Your earnings and deductions
Your tax code
Your bank details
Both A and B
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of savings?
To prepare for future expenses
To spend immediately
To invest in stocks
None of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is compound interest?
Interest on the initial principal and also on the accumulated interest
Interest only on the principal
A type of tax
None of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit card?
A card that allows you to borrow money
A card for cash withdrawals
A type of debit card
None of the above
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