This quiz works best with JavaScript enabled. Home > Finance > Management > Money Management – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Money Management Quiz 16 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A successful budget A) Should not need to be re-evaluated once it is in place. B) Should never show any variances. C) Should be flexible. D) Should reflect current and future income. Show Answer Correct Answer: C) Should be flexible. 2. Income is A) The money I earn. B) The money I spend. C) Overrated. D) Money I save. Show Answer Correct Answer: A) The money I earn. 3. Rossi has a part time job delivering pizzas to raise money for college in two years. Going to college is one of Rossi's: A) Goals. B) Values. C) Hopes. D) Dreams. Show Answer Correct Answer: A) Goals. 4. A plan to ensure that the needs are covered be one income. A) Savings. B) Loan. C) Budget. D) Credit. Show Answer Correct Answer: C) Budget. 5. What is one consequence of not being able to pay off your credit? A) Going to jail. B) Repossession of your things. C) Higher credit score. D) Increased overdraft fees. Show Answer Correct Answer: B) Repossession of your things. 6. Variable expenses are: A) Different every month. B) The same every month. C) Unneeded expenses. D) Unwanted expenses. Show Answer Correct Answer: A) Different every month. 7. A stock broker or financial consultant: A) Gives financial advice to clients. B) Sells money orders and certified checks. C) Guarantee a return on investment. D) Do not have to be licensed. Show Answer Correct Answer: A) Gives financial advice to clients. 8. Saving $ 200 a month to buy a car in May would be what type of goal? A) Short term. B) Medium term. C) Long term. D) None of above. Show Answer Correct Answer: A) Short term. 9. By investing you are ..... A) Making your money grow. B) Advancing in the stock market. C) Adulting. D) Building your credit. Show Answer Correct Answer: A) Making your money grow. 10. Your credit score is: A) Your past credit history. B) Determines if you will be able to get a loan. C) Note important. D) A&B. Show Answer Correct Answer: D) A&B. 11. Giving your time and services to an employer in an exchange for money is what? A) Money Management. B) Spending. C) Budget. D) Income. Show Answer Correct Answer: D) Income. 12. You should save your money ..... A) So you can develop a habit when you are young. B) So that you can buy more candy later. C) So that you can get a credit card. D) When you are older. Show Answer Correct Answer: A) So you can develop a habit when you are young. 13. Where Is A Safe Place To You Put Your Savings? A) In a vault. B) In your bank account. C) In your pocket. D) None of the above. Show Answer Correct Answer: B) In your bank account. 14. ..... something that serves as a medium of exchange, a unit of accounting, and a store of value. A) Silver. B) Gold. C) Barter System. D) Money. Show Answer Correct Answer: D) Money. 15. You are creating a budget for your new business. What should you include? A) All income and expenses. B) Fixed expenses but not income. C) Income but not variable expenses. D) Fixed and variable expenses but not taxes. Show Answer Correct Answer: A) All income and expenses. 16. What does the R stand for in SMART goal? A) Responsible. B) Realistic. C) Restraint. D) None of these. Show Answer Correct Answer: B) Realistic. 17. A budget includes all of the following except ..... A) Your expected income. B) Your planned expenses. C) How to increase your income. D) Planned savings. Show Answer Correct Answer: C) How to increase your income. 18. I have 6 pennies, 3 dimes, and 2 quarters. How much money do I have? A) 55 ct. B) 95 ct. C) 36 ct. D) 86 ct. Show Answer Correct Answer: D) 86 ct. 19. Which describes the total of a person's earnings when they get a job? A) Credit. B) Income. C) Investment. D) Savings. Show Answer Correct Answer: B) Income. 20. Which of the following is the endorsement where the signature of the payee is written exactly as his or her name appears on the front of the check? A) Restrictive. B) Blank. C) Special. D) None of above. Show Answer Correct Answer: B) Blank. ← 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