Expenses
Money, Money , Money
Oh, My Bad
Bank on it, Baby
Uncle Sam
100

What are expenses?

  1. a bank account
  2. things you spend money on
  3. a plan for spending and saving money
  4. a card that acts like a check
  • things you spend money on
100

           is the payment received for work or services performed.

  1. Cash
  2. Income
  3. Wages
  4. Money

Income

100

Which of these would be considered a need?

  1. A new car
  2. Somewhere to sleep
  3. A cell phone
  4. Lunch with friends
  • Somewhere to sleep
100

Which of the following refers to a legal process available for an individual who is overextended financially and is unable to pay debts?

  1. Foreclosure
  2. Dispute
  3. Bankruptcy
  4. Debt

Bankruptcy

100

A(n)                 is subtracting money from a bank account.

  1. Deposit
  2. Credit
  3. Reconcile
  4. Withdrawal
  • Withdrawal
200

When making payments on a purchase, how often do most businesses or banks require a payment?

  1. every day
  2. every month
  3. every six months
  4. every year

every month

200

   __________             is an hourly amount of pay.

  1. Cash
  2. Fixed expense
  3. Income
  4. Wages

wages

200

What is a budget?

  1. income you have earned
  2. taxes you have paid
  3. a plan for your money
  4. A car rental place

a plan for your money

200

The total amount of money an employee earns before tax deductions is the:

  1. net pay.
  2. gross pay.
  3. overtime pay.
  4. balance.

gross pay

200

                  is when the payee signs their name on the back of a check to cash or deposit the check.

  1. Check Endorsement
  2. Check Register
  3. Check Stub
  4. Check yo'self
  • Check Endorsement
300

Expenses that stay the same every month, such as rent.

  1. Wages
  2. Finance
  3. Debts
  4. Fixed expenses
  • Fixed expenses
300

Money required for leasing or renting property as protection for the landlord in case the tenant does not pay rent or maintain the rental.

  1. Gross Income
  2. Security Deposit
  3. Tenant
  4. Net Income
  • Security Deposit
300

is when you write a check for more money than you have in your account.

  1. Balance
  2. Minimum Balance
  3. Non-sufficient Funds
  4. Service Charge
  • Non-sufficient Funds
300

When given a PIN number for a debit card, you should keep the PIN number where?

  1. On the back of the card
  2. On my phone
  3. Memorize the number
  4. Write it in your journal
  • Memorize the number
300

The biggest difference between a debit card and a credit card is:

  1. Credit cards can be used to rent cars; debit cards cannot
  2. A debit card only allows you to use money you already have in the bank
  3. A credit card shows the world you are a grown-up with money
  4. Credit cards allow you to make online purchases; debit cards do not

A debit card only allows you to use money you already have in the bank

400

    _____________is the cost of a good or service.

  1. Price
  2. Cost
  3. Budget
  4. Expense
  • Expense
400

                is any form of money in use as a medium of exchange.

  1. Cash
  2. Check
  3. Value
  4. Currency

Currency

400

Insurance against the risk of incurring medical expenses.

  1. Term Life Insurance
  2. Health Insurance
  3. Universal Life Insurance
  4. Coinsurance Clause

Health Insurance

400

Which of the following can impact your credit score?

  1. getting a raise
  2. borrowing money from your parents
  3. a late payment on your car
  4. living with your parents to cut down on expenses
  • a late payment on your car
400

This is the money deducted from your check to pay for medical care for people who cannot pay it all.

  1. FICA/Social Security
  2. Medicare Tax
  3. Federal Income Tax
  4. Gross Pay

Medicare Tax

500

A(n)                 is a plastic card that is used to deduct funds automatically and immediately from a checking account.

  1. Check
  2. Credit Card
  3. Debit Card
  4. Both B & C

Debit Card

500

A dollar today buys a lot less than a dollar did in 1950; this decline in the purchasing power of the dollar is due to which of the following?

  1. Deflation
  2. Inflation
  3. Standard of living
  4. Compensation

Inflation

500

This is the money deducted from your check to pay for your retirement when you are older. It also pays for helping disabled people who cannot work.

  1. FICA/Social Security
  2. Medicare Tax
  3. State income Tax
  4. Health Insurasnce

FICA/Social Security

500

With each house payment, an individual gets closer to owning the home. This is known as building what?

  1. Credit
  2. Interest
  3. Equity
  4. Principal

Equity

500

The annual rate that is charged for borrowing money; expressed as a single percentage number that represents the actual yearly cost of funds over the term of the loan.

  1. Annual Percentage Rule (APR)
  2. Annual Percentage Rate (APR)
  3. Annual Plan Rate (APR)
  4. Actual Percentage Rate (APR)
  • Annual Percentage Rate (APR)
600

               is a acronym for Fair Isaac Credit Organization; credit score used by most lenders.

  1. Debt
  2. Bankruptcy
  3. FICO
  4. dispute

FICO

600

A person or organization that uses a product or service is a   ________________             .

  1. borrower
  2. consumer
  3. consumption
  4. debtor

consumer

600

                     is the minimum amount of money required in your account. Having an amount less than the minimum balance may result in extra service charges or reduced privileges.

  1. Balance
  2. Minimum Balance
  3. Non-sufficient Funds
  4. Service Charge
  • Minimum Balance
600

Money that the insured must pay before the insurance company pays.

  1. Liability
  2. Deductible
  3. Claim
  4. Premium

Deductible

600

If a person is paid monthly, how many paychecks would they get in a year?

  1. 24
  2. 12
  3. 26
  4. 4

12

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