Budgeting

Budgeting

7th Grade

13 Qs

quiz-placeholder

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Budgeting

Budgeting

Assessment

Quiz

Social Studies

7th Grade

Hard

Created by

Sarah Davis

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________: An estimate of income/expenditure for a set period of time

Expenses

Budget

Differences

Spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the "rule of thumb"?

30% Needs

20% Wants

50% Debt

50% Needs

30% Wants

20% Debt

20% Needs

50% Wants

30% Debt

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____: basic needs that a household must pay for.

Income

Budget

Expenses

Saving

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____: setting money aside to use in the future.

Saving

Expenses

Budget

Income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____: a fixed amount of income.

Budget

Expenses

Salary

Income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____: a plan on how to spend and save money.

Expenses

Income

Saving

Budget

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____: an hourly rate paid in exchange for labor.

Income

Wage

Expenses

Budget

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