Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Personal Finance Review 1
Test Description: Personal Finance
Instructions: Answer all questions to get your test result.
1) What is the first thing to consider when planning a budget?
A
estimated expenses
B
emergency fund
C
Financial Goals
D
cash flow statement
2) Short-term goals are goals you hope to achieve in how many years?
A
1-10 yrs
B
1-3 yrs
C
1-7 yrs
D
1-5 yrs
3) Which of the following should be included in a goal-planning worksheet?
A
short-term, medium-term, and long-term goals
B
sharing, spending, and saving goals
C
short-term, saving, and open-ended goals
D
sharing, open-ended, and spending goals
4) Which of the following items should always be included in a cash flow statement?
A
all of the above
B
savings
C
fixed expenses
D
income from wages
5) fixed expenses include all of the following except
A
house payment
B
new tires
C
food
D
electric bill
6) You can prepare for unexpected expenses by regularly putting money into a(n)
A
emergency fund
B
estimated fund
C
variable fund
D
saving fund
7) Which of the following most accurately describes a budget deficit?
A
not having enough money to cover expenses
B
the money left over after all expenses are paid
C
expenses owed every month
D
the difference between income and expenses
8) Which of the following is not a quality of a good budget?
A
deficit based
B
pratical
C
flexible
D
goal based
9) Which of the following events would not require reworking a budget?
A
having a budget surplus
B
losing a job
C
starting a new job
D
getting married
10) How can you make sure your budget is on track after you set it up?
A
keep a daily spending log
B
compare your budgeted income and expenses with your actual income and expenses for two weeks
C
monitor how much you spend and take in each month
D
compare your actual income and expenses for one month, and look for a surplus at the end of the mont
*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?