Multiple Choice
What is a plan for spending and saving?
A. Budget
B. Expense record
C Savings account
A. Budget
Which of the following are debts? (You may choose more than one answer).
A. Car loan
B. Mortgage
C. Paycheck
D. Credit card bill
A. Car loan
B. Mortgage
D. Credit card bill
Budget - 3,500
Mortgage - 1,450.00
Car Loan - 150.00
Utilities - electric - 125.00
Utilities Oil - 50.00
Groceries - 100.00
Personal Care - 35.00
Recreation - 55.00
Clothing - 35.00
Gasoline - 100.00
Savings - 400.00
What is the total amount Sara can spend each month?
A. 3,500
B. 1,250
C. 2,500
A. 3,500
What is the average of the following numbers?
20.00, 35.00, 12.00, 18.00
A. 21.25
B. 30.45
C. 25.21
A. 21.25
(20.00 + 35.00 + 12.00 + 18.00)/4 = 21.25
Budget - 3,500
Mortgage - 1,450.00
Car Loan - 150.00
Utilities - electric - 125.00
Utilities Oil - 50.00
Groceries - 100.00
Personal Care - 35.00
Recreation - 55.00
Clothing - 35.00
Gasoline - 100.00
Savings - 400.00
Suppose you have some unfortunate luck and your car breaks down. The repairs are 500.00 dollars. Where can you get this money?
Savings
Recreation
Clothing
Personal Care
How do you move money from one budget line or one bank account to another?
A. Transfer
B. Withdrawal
C. Deposit
A. Transfer
Round to nearest dollar, choose correct answer.
65.98 + 67.98 = ?
A. 110.36
B. 134.00
C. 145.00
B. 134.00
66 + 68 = 134.00
Budget - 3,500
Mortgage - 1,450.00
Car Loan - 150.00
Utilities - electric - 125.00
Utilities Oil - 50.00
Groceries - 100.00
Personal Care - 35.00
Recreation - 55.00
Clothing - 35.00
Gasoline - 100.00
Savings - 400.00
What is the total amount Sara spent on her car for the month?
A. 230
B. 250
C. 220
B. 250
What is the average of the following numbers?
25.00, 39.00, 22.00, 35.00
A. 30.25
B. 22.75
C. 30.00
A. 30.25
(25.00 + 39.00 + 22.00 + 35.00)/4 = 30.25
What is interest?
A. Money you can earn from a lender for borrowing money
B. Money you owe to a lender for borrowing money
C. Both are correct
B. Money you owe to a lender for borrowing money
Round to nearest dollar, choose correct answer.
76.32 + 39.56 + 33.12 = ?
A. 151.00
B. 180.00
C. 149.00
A. 151.00
77 + 40 + 34 = 151.00
Budget - 3,500
Mortgage - 1,450.00
Car Loan - 150.00
Utilities - electric - 125.00
Utilities Oil - 50.00
Groceries - 100.00
Personal Care - 35.00
Recreation - 55.00
Clothing - 35.00
Gasoline - 100.00
Savings - 400.00
What is the total amount Sara spent on utilities?
A. 200
B. 300
C. 175
C. 175
What is it called to make a guess about the future?
A. Estimation
B. Prediction
C. Psychic
B. Prediction
Round to nearest dollar, choose correct answer.
86.78 - 30.12 = ?
A. 120.00
B. 98.00
C. 56.00
C. 56.00
87 - 31 = 56.00
Budget - 3,500
Mortgage - 1,450.00
Car Loan - 150.00
Utilities - electric - 125.00
Utilities Oil - 50.00
Groceries - 100.00
Personal Care - 35.00
Recreation - 55.00
Clothing - 35.00
Gasoline - 100.00
Savings - 400.00
What is Sara's total VARIABLE expenses?
A. 500.00
B. 300.00
C. 535.00
A. 500.00
Money that is owed is called what?
A. Earnings
B. Debt
C. Income
B. Debt
Round to nearest dollar, choose correct answer.
61.98 + 45.98 + 12.12 + 38.78
A. 57.00
B 160.00
C. 158.86
B. 160.00
62 + 46 +13 + 39 = 160.00
Budget - 3,500
Mortgage - 1,450.00
Car Loan - 150.00
Utilities - electric - 125.00
Utilities Oil - 50.00
Groceries - 100.00
Personal Care - 35.00
Recreation - 55.00
Clothing - 35.00
Gasoline - 100.00
Savings - 400.00
If Sara has 2,500 dollars left on her car loan, how many months will it take to pay off the loan?
A. 12 Months
B. 18 Months
C. 17 Months
C. 17 Months