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EPF M2L1 Quiz

Froggy Jumps

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Test your budgeting knowledge.

Créé par

Nicole Cook

United States

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EPF M2L1 Quiz


Froggy Jumps EPF M2L1 QuizVersion en ligne Test your budgeting knowledge. par Nicole Cook 1 Eric recently graduated from college and has a goal of owning his own home by the time he is 30 years old. What tool should he be using to help him plan how to spend his money? a credit card b amortization calculator c budget 2 The things you need to have in your budget, like food and shelter, are called __________. a Discretionary spending b Mandatory spending c Variable spending 3 Which of the following is a component that would MOST likely be found in a budget for a 65-year-old but not for a 25-year-old? a long term care insurance b student loans c mortgage 4 What category would your electricity bill that varies each month fit in? a assets b fixed expenses c variable expenses 5 The goal of budgeting is to make sure that you are spending money on things that you can afford. If you are spending more money than you earn, what economic situation exists for you? a deficit b foreclosure c negative credit