This quiz works best with JavaScript enabled. Home > Finance > Management > Money Management – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Money Management Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Living quarters, car, uniform, lunch, health insurance premiums which is sometimes given to employees A) Net Income. B) Fringe benefit. C) Barter. D) None of above. Show Answer Correct Answer: B) Fringe benefit. 2. What are living cost that differ each time? A) Earned income. B) Budget variance. C) Exemption. D) Variable expense. Show Answer Correct Answer: D) Variable expense. 3. Setting financial goals is the ..... step in creating and using a budget. A) First. B) Second. C) Third. D) Final. Show Answer Correct Answer: A) First. 4. ..... refers to how you handle all aspects of your finances, from making a budget for where each paycheck goes to setting long-term goals to picking investments that will help you to reach those goals. A) Banking. B) Money management. C) Pay check. D) None of the above. Show Answer Correct Answer: B) Money management. 5. Which is NOT a strategy for increasing your savings? A) Spending less to save. B) Pay yourself first. C) Borrow money. D) Payroll savings. Show Answer Correct Answer: C) Borrow money. 6. Which of the following careers would be possible choices for someone interested in money and finance? A) Psychologist. B) Social worker. C) Insurance actuary. D) Musician. Show Answer Correct Answer: C) Insurance actuary. 7. The money that you receive for mowing the lawn, babysitting or making good grades is called ..... A) Income. B) Credit. C) Debt. D) Interest. Show Answer Correct Answer: A) Income. 8. An advantage of Barter is A) You can use money. B) More goods can be acquired. C) It is flexible in trading goods or services. D) It is a quick process of trade. Show Answer Correct Answer: C) It is flexible in trading goods or services. 9. What is saving a certain amount of money to be used later for financial goals called? A) Cash flow. B) Emergency fund. C) P.Y.F. (pay yourself first). D) Spending Log. Show Answer Correct Answer: C) P.Y.F. (pay yourself first). 10. Which of the following is not an asset: A) Cash in your wallet. B) The market value of your house. C) The amount of money you will be paid next month. D) Your prized stamp collection. Show Answer Correct Answer: C) The amount of money you will be paid next month. 11. When renting a home, what term refers to the owner of the home? A) Boss. B) Coach. C) Tenant. D) Landlord. Show Answer Correct Answer: D) Landlord. 12. Shirley worked 30 hours this week. Will Shirley be considered a part time or full time employee? A) Part time. B) Full time. C) None. D) None of above. Show Answer Correct Answer: A) Part time. 13. Fixed expenses are: A) Different every month. B) The same every month. C) Unneeded expenses. D) Unwanted expenses. Show Answer Correct Answer: B) The same every month. 14. You can save money on college by ..... A) Taking college-level classes in high school. B) Using your credit card to pay for your tuition. C) Getting good grades. D) Making a budget. Show Answer Correct Answer: A) Taking college-level classes in high school. 15. ..... income is the result of earnings from dividends, interest, and rent. A) Investment. B) Earned. C) Tax-exempt. D) Adjusted. Show Answer Correct Answer: A) Investment. 16. The consumer receives goods after paying money. A) A standard of deferred payment. B) Store of value. C) Measure of value. D) Medium of exchange. Show Answer Correct Answer: D) Medium of exchange. 17. What is a tax-sheltered retirement plan? A) Tax credit. B) IRA. C) Tax deduction. D) Financial plan. Show Answer Correct Answer: B) IRA. 18. Which is an example of a "real" investment by a consumer? A) New home. B) Mutual fund. C) Savings account. D) Stocks. Show Answer Correct Answer: A) New home. 19. A plan for your estimated income, expenses, and savings A) Credit Rating. B) Budget. C) Bankruptcy. D) Financial Goals. Show Answer Correct Answer: B) Budget. 20. FIXED EXPENSES A) Are expenses that do not change each month. B) Are expenses that can go up and down each month. C) Are differences between planned and actual income or expenses. D) Describe how you will pay for achieving your personal goals. Show Answer Correct Answer: A) Are expenses that do not change each month. ← PreviousNext →Related QuizzesFinance QuizzesMoney Management Quiz 1Money Management Quiz 2Money Management Quiz 3Money Management Quiz 4Money Management Quiz 5Money Management Quiz 7Money Management Quiz 8Money Management Quiz 9Money Management Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books