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Words To Know-- Money Budget

11 Questions
Money Quizzes & Trivia

How much do you really know about budget? Find out by taking this quiz!

Questions and Answers
  • 1. 
    _____ is when there is not enough of something to go around.
    • A. 

      Scarcity

    • B. 

      Expenses

    • C. 

      Withdrawal

  • 2. 
    ›_____ is how much money you get, either from a job, chore, or as a gift.
    • A. 

      Withdrawal

    • B. 

      Expenses

    • C. 

      Income

  • 3. 
    ›When you add money to the money that you already have, that is called a _____.
    • A. 

      Deposit

    • B. 

      Withdrawal

    • C. 

      Budget

  • 4. 
    _____ ›are the money that you spend, either on things that you need or on things that you want.
    • A. 

      Financial goals

    • B. 

      Expenses

    • C. 

      Deposit

  • 5. 
    ›When you take money away from the money that you have and spend it, that is called a ______.
    • A. 

      Withdrawal

    • B. 

      Ending balance

    • C. 

      Deposit

  • 6. 
    ›A _____ is a record that you keep of your income and expenses.
    • A. 

      Beginning balance

    • B. 

      Expense

    • C. 

      Budget

  • 7. 
    ›A _____ is when you decide how much money you want to have to use for a specific reason.
    • A. 

      Budget

    • B. 

      Deposit

    • C. 

      Financial goal

  • 8. 
    ›When you keep money, and not spend it, so that it adds up to be more and more money, it is called ______.
    • A. 

      Savings

    • B. 

      Income

    • C. 

      Beginning balance

  • 9. 
    ›The _____ is the total amount of money that you have to begin with.
    • A. 

      Ending balance

    • B. 

      Beginning balance

    • C. 

      Income

  • 10. 
    ›With a budget, you can plan to have more money left over by spending less money.
    • A. 

      True

    • B. 

      False

  • 11. 
    ›The _____ is the total amount of money you have after you had added your income or taken away your expenses.
    • A. 

      Withdrawal

    • B. 

      Beginning balance

    • C. 

      Ending balance