Words To Know-- Money Budget

11 Questions | By Kaldrid1 | Last updated: Jan 28, 2016 | Total Attempts: 411

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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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