This quiz works best with JavaScript enabled. Home > Finance > Management > Money Management – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Money Management Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What percentage is recommended for savings? A) 3%. B) 10%. C) 20%. D) 15%. Show Answer Correct Answer: B) 10%. 2. What are earnings from dividends, interest, and rent? A) Taxable income. B) Earned income. C) Allowance. D) Investment income. Show Answer Correct Answer: D) Investment income. 3. A loan company will allow you to get money with a payment of the principle and interest. A) True. B) False. C) May be. D) Never. Show Answer Correct Answer: A) True. 4. A personal balance sheet would report all of the following EXCEPT A) Net income. B) Amount in your checking account. C) Value of your car. D) Home mortgage. Show Answer Correct Answer: A) Net income. 5. When purchasing a video game you would use what method of payment? A) Cash. B) Credit Card. C) Bank Loan. D) Coins. Show Answer Correct Answer: A) Cash. 6. A financial Institution is also known as what? A) A checking account. B) A savings account. C) A bank. D) A deposit a bank account that earns interest. Show Answer Correct Answer: C) A bank. 7. A credit score will tell the lender that you can be A) Trusted. B) Cannot be trusted. C) Bad risk. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. Helps make decisions about your income; Saving-spending plan. A) Budget. B) Income. C) Networking. D) Bank Loan. Show Answer Correct Answer: A) Budget. 9. The difference between total assets and total liabilities A) Credit score. B) Net worth. C) Self-worth. D) Bankruptcy. Show Answer Correct Answer: B) Net worth. 10. Your "take home pay" is also known as your A) Gross pay. B) Total income. C) Salary. D) Net pay. Show Answer Correct Answer: D) Net pay. 11. What is charitable giving? A) Spending money on vacations and trips. B) Saving money for college tuition. C) Donating money to help other people. D) Investing money in a new business. Show Answer Correct Answer: C) Donating money to help other people. 12. Which of the following careers would be a possible choice for someone interested in money and finance? A:Banker B:Statistician C:Retail store manager D:Social worker A) Banker. B) Statistician. C) Retail Store Manager. D) Social Worker. Show Answer Correct Answer: A) Banker. 13. A good first step in financial planning would be to A) Hire a professional financial planner. B) Create a balance sheet and cash flow statement. C) Pay off all of your debts. D) Develop long-term financial goals. Show Answer Correct Answer: B) Create a balance sheet and cash flow statement. 14. All of the following choices are examples of investments except ..... A) Taxes. B) Stocks and Bonds. C) Real estate. D) Businesses. Show Answer Correct Answer: A) Taxes. 15. The amount an employee earns once taxes and other items are deducted from his or her gross pay. A) Budget. B) Debt. C) Gross Income. D) Net Income. Show Answer Correct Answer: D) Net Income. 16. One good reason to get a credit card is ..... A) To help you build your credit score. B) To help you pay more interest. C) To help you buy things your can't afford and pay for them later. D) To help you pay for college. Show Answer Correct Answer: A) To help you build your credit score. 17. The money you profit from an investment is called ..... A) Saving. B) Flat rate. C) Return. D) Fee. Show Answer Correct Answer: C) Return. 18. Which is a deposit account held at a financial institution that allows withdrawals and deposits. A) Checking Account. B) Savings Account. C) Expense. D) Budget. Show Answer Correct Answer: A) Checking Account. 19. Having enough money to cover all your expenses mean you have ..... A) Debt. B) Balanced Budget. C) Uneven Budget. D) None of above. Show Answer Correct Answer: B) Balanced Budget. 20. A short term goal is for how long? A) Up to 3 months. B) Less than a year. C) More than a year. D) 10 years or more. Show Answer Correct Answer: B) Less than a year. ← PreviousNext →Related QuizzesFinance QuizzesMoney Management Quiz 1Money Management Quiz 2Money Management Quiz 3Money Management Quiz 4Money Management Quiz 5Money Management Quiz 6Money Management Quiz 7Money Management Quiz 8Money Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books