Money Management (Unit 1)

Question 1

Saving a certain amount of money to be used later for financial goals

Accepted Answer

PYF

Question 2

Which of the following is considered a need?

Accepted Answer

A place to sleep

Question 3

Which is not one of the three R's of spending?

Accepted Answer

Rectifiy

Question 4

Setting aside money to have on hand for unexpected expenses and events

Accepted Answer

Emergency Fund

Question 5

Which of the following factors can influence decisions?

Accepted Answer

All of the above

Question 6

Which is not a part of the decision making process?

Accepted Answer

Creating Smart Goals

Question 7

A predictable amount of money spent to buy something that is the exact same amount every time

Accepted Answer

Fixed

Question 8

Nur decides that she will create a spending plan. What will help her stick to it?

Accepted Answer

Write out goals

Question 9

Any money you receive such as an allowance or paycheck

Accepted Answer

Income

Question 10

A value can be described as

Accepted Answer

A belief or idea that you consider important

Question 11

Giving up the next best choice when making a decision

Accepted Answer

Opportunity cost

Questions 11