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Money Management Quiz 1 (25 MCQs)

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1. Gaby has 4 dimes, 3 nickels, and 2 pennies in her pocket. How much money does she have in all?

2. High skill jobs require extensive education and training

3. Which of the following would be considered a want for most people?

4. Calculate the "Total Assets" Cash $ 4, 670Investment account $ 26, 910Credit card debt $ 2, 670 House value $ 93, 780House mortgage-$ 76, 230

5. Perishable goods like barley make poor forms of currency. What does "perishable" mean?

6. Spreading one's assets across several types of saving and investment products to manage risk is called:

7. When estimating income for your budget, you should consider _____

8. What does the "M" stand for in SMART goal?

9. You should pay off your credit card balance each month _____

10. If you want to increase your savings, _____

11. If an employee works more than 40 hours a week it is considered

12. A friend's parents are worried about going over their budget for the month. Which expense would you suggest is NOT a need?

13. Shaunda wants to buy her grandmother's car to drive back and forth to college next year. Her grandmother agrees to sell Shaunda the car for $ 1, 200 in a year. This is an example of what type of goal?

14. Items that make life more fun but are not necessary are _____

15. Which of the following is a variable expense for many adults?

16. Financial planning helps individuals to:

17. Based on your interests, skills, training and job availability, it is important to choose _____

18. What you give up when you make a financial decision is the _____

19. Expenses that do not necessarily stay the same, such as groceries

20. Tony borrowed money from the bank to buy a new house. A year later he lost his job and has started to not be able to make his house payments. This problem is known as what?

21. An example of a SMART Goal requiring a budget.

22. The biggest source of household debt other than mortgages.

23. Name two types of expenses.

24. You should make a list of your needs and wants so that you can _____

25. Money in the form of credit, permits a person to acquire goods and services now and pay for them later.

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Money Management Quiz 1 (25 MCQs)

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