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Fall 24: Money Matters Finals

Authored by Felicia Johnson

Financial Education

11th Grade

Used 3+ times

Fall 24: Money Matters Finals
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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

1. Which of the following is a fixed expense?

a) Groceries
b) Rent
c) Entertainment
d) Clothing

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

When creating a budget, what should you prioritize?

a) Wants
b) Savings
c) Needs
d) Debts

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

3. What percentage of your income is generally recommended for housing costs?

a) 20%
b) 30%
c) 40%
d) 50%

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which is NOT a factor to consider when choosing a place to live?

a) Location
b) Proximity to work/school
c) The color of the walls
d) Safety of the neighborhood

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

5. Which strategy helps save money on groceries?

a) Shopping when hungry
b) Buying name brands only
c) Using a meal plan
d) Avoiding grocery lists

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the benefit of buying in bulk?

a) Higher prices per unit
b) Long-term savings
c) Faster shopping trips
d) Smaller quantities

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

7. What is the first step in financial planning?

a) Set financial goals
b) Spend less money
c) Open a credit card
d) Borrow money

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