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Budget and Financing Flashcards | StudBud
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Budget and Financing
Budget and Financing
17 terms
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StudBud Administration
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1 play
personal financial literacy review aligned with the Georgia Standards of Excellence
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
Nick earned $20. He spent $6 on lunch and $10 on a movie. How much did he have left?
$2
$4
$6
$5
2
A
financial plan
that helps you determine how to save and spend your money is called a _______.
plan
bank
budget
expense
3
The ________ of going outside is I could get sun burned.
benefit
Cost
4
I can go outside or I can play video games. I choose to go outside. the Opportunity cost is playing video games.
True
False
5
David earns $8 per week. He wants to buy a bike for $128. How many weeks will he need to save?
14 weeks
18 weeks
13 weeks
16 weeks
6
How well do you understanding finances know.
I am a little confused.
I am completely lost.
Awesome.
I need a little more help
7
What is a budget?
A way to make something move.
A way to save your money.
A way to not waste our money.
A way to organize your money.
8
The ________ of going outside is I get to play with my friends.
Benefit
Cost
9
The relationship between costs and benefits is that every choice has costs and benefits.
True
False
10
Money paid to buy the things you need and want is called ___________.
saving
giving
spending
sharing
11
What is an expenditure?
Money you save for things.
Money you do not spend.
Money you get for doing job.
Money you use to buy things.
12
Which one of these is the most financially responsible choice?
Earn $50 and give $50 to a charity.
Earn $50 and spend $50 at the mall.
Earn $50 and spend $75 on a new video game.
Earn $50 and save $45.
13
A cost is something you want from the decision.
False
True
14
Money you earn from work or receive as gifts.
budget
income
expenses
payments
15
Wyatt wants to save $40. If he earns $10 a week, how many weeks will it take him to save $400?
0
3
4
6
16
Money put aside to use at a later time is called _____________.
spending
saving
giving
sharing
17
The amount of money made after all the expenses are paid is called ______________.
budget
Savings
income
expenses