Food and water, A concert ticket

What is one way the presenter saved money?

Opening a savings account at 15

The money you spend on bills or supplies

What does it mean to "invest"?

Put money into something to make more money

A name or logo for a product or company

A way to pay for needs and wants

What does it mean to "save"?

Keep money instead of spending it

Why is it important to start learning about money early?

It helps you be responsible with money when you grow up

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Business Quiz

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Questions 20

Answers

1
What is a "need"?
Food and water
A video game
A concert ticket
A new phone
2
Which of the following is NOT a way to earn money
Lemonade stand
Allowance
Birthday gifts
Stealing
3
What is one way the presenter saved money?
avoiding banks
Skipping bills
always going out to eat
Opening a savings account at 15
4
If you earn $200, how much should you save using the 50/30/20 rule?
$20
$100
$50
$10
5
What are expenses?
How much you earn
Tips from customers
Discounts
The money you spend on bills or supplies
6
What should you do before buying something?
Ask a friend
Compare prices
Pick the first one you see
Buy the most expensive one
7
Why is it better to choose quality over quantity when shopping?
It's more expensive
It looks nicer
It's trendy
It lasts longer
8
What does it mean to "invest"?
Spend all your money
Hide your money
Borrow money
Put money into something to make more money
9
What is a brand?
A savings account
A name or logo for a product or company
A shopping list
A type of money
10
What is a bank?
A store
A place to play games
place to keep money safe
A mall
11
What does financial literacy mean?
Spending money fast
Managing money wisely
Reading books about banks
Memorizing prices
12
What is money?
A way to pay for needs and wants
A form of entertainment
A type of game
A reward system
13
What is the 50/30/20 rule?
A savings account name
A spending formula
A type of interest rate
A video game cheat code
14
What is a "want"?
new phone
A car
x-box
A house
15
What does it mean to "save"?
Spend money fast
Forget about money
Hide money from friends
Keep money instead of spending it
16
What is an example of a savings goal?
Going to the movies
Spending all your money
Buying candy
Saving for a new bike
17
What is budgeting?
Buying on credit
Spending all your money
Using someone else’s money
Balancing income with expenses
18
What is profit?
Money you lose
Money made after paying costs
Sales tax
Extra expense
19
Where can you save your money?
Your friend's house
A toy box
A piggy bank or bank account
Under your bed
20
Why is it important to start learning about money early?
So you can spend more
So you can shop more
It helps you be responsible with money when you grow up
to learn how to invest in stocks

Business Quiz Flashcards | StudBud