Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Modules 101-102 Review Part 1
Test Description: Modules 101-102 Review Part 1
Instructions: Answer all questions to get your test result.
1) The money left over after all expenses are subtracted from income is known as savings.
A
True
B
False
2) Buying a ____________________ is an example of a long-term financial goal.
A
new coat
B
coffee
C
music download
D
house
3) Short-term financial goals can be reached within
A
decades
B
weeks or months
C
a lifetime
D
30 years
4) College tuition is usually considered a long-term financial goal because it
A
is an anticipated expense
B
requires a lot of time and planning to reach
C
results in higher earnings over a lifetime
D
involves no budgeting whatsoever
5) If each monthly issue of Ballet Today costs Marie $2.50, then she spends _________ annually for her subscription.
A
$25.00
B
$15.00
C
$30.00
D
$12.50
6) If instead of buying six pairs of ballet shoes a year (at $15 a pair), Marie only buys four pairs, then she saves __________ a year.
A
$25.00
B
$15.00
C
$30.00
D
$12.50
7) A winning lottery ticket or a scholarship is an example of
A
unanticipated income
B
an anticipated expense
C
savings
D
discretionary income
8) A(n) ____________________is an example of an anticipated expense.
A
car repair bill
B
emergency vet bill
C
cell phone bill
D
winning lottery ticket
9) You can calculate discretionary income by subtracting
A
anticipated expenses from unanticipated expenses
B
anticipated income from unanticipated income
C
essential income from expenses
D
essential expenses from income
10) Which column in an annual budget indicates the money you really spent during the year?
A
Actual spending
B
Budgeted for the year
C
Over/Under/Equal
D
Income
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?