Words To Know-- Money Budget
11 Questions
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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
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