Money Management Quiz Review

A spending plan that you decide upon. 

How many times a day does an average adult spend money?

An example of a fixed expense is:

An individuals total personal income before taking taxes or deductions into account. 

Which is a flexible expense. 

T/F You should expect a spending plan to change over a period of time as your lifestyle changes

What does ATM stand for?

An endorsement that only consists of the holders signature. 

T/F Checks are usually safer than cash and may be used to pay bills in the mail. 

Are you ready for your quiz tomorrow? 

What is the number one expense for teens? 

A form a bank provides when putting money into your account.

A bank account shared by two or more individuals. 

T/F Using blue or black ink is a must on a check. 

This occurs when money is withdrawn and the available balance goes below zero. 

T/F You should always void out a check when you make a large mistake. 

T or F. There is never a fee on your checking account. 

T/F. It is easier to change your fixed expenses than your flexible expenses. 

T/F Saving accounts keep your money safe and pay interest. 

Which is an example of a variable expense?