Chapter 8 Budget Busters

Chapter 8 Budget Busters

8th Grade

20 Qs

quiz-placeholder

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Chapter 8 Budget Busters

Chapter 8 Budget Busters

Assessment

Quiz

Financial Education

8th Grade

Medium

Created by

Danna Taylor

Used 4+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The sooner you begin saving, the more time your money has to grow.

True

False

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Disposable income is the amount of money left after paying all current necessities, such as rent, food, and clothing.

True

False

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Net worth is the value of all of your liabilities minus your assets.

True

False

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Short-term savings is money you put away for major expenses in the future.

True

False

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The amount earned on the principal savings or investment is called interest.

True

False

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The concept of paying into your savings first, and then living on the remainder of your take-home pay is called:

Net pay

Pay Yourself First

Long-term savings

Disposable income

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is considered to be an asset?

Bank account

Apartment

Student loan

Cell phone contract

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