AnswersEA Academy Civics 9Creating a Personal Budget

Creating a Personal Budget — Unit test Answers

14 verified answers5 views
21
Free Preview

This graph shows the US unemployment rate from August 2010 to November 2011. This graph could help the US government

Question illustration
A
allocate natural resources.
B
limit production nationwide.
C
make an economic prediction.
D
address a shortage emergency.
22
Free Preview

The Smith family is deciding whether to buy a new washer or a gym membership. Which is the best example of a wise family spending decision?

A
The father sees a sale on washers and decides to buy one on the spot.
B
The family meets to go over the budget and decide which item to buy.
C
The family meets to discuss desires and decides to finance both items.
D
The mother signs up for the gym and decides to get into shape.
23

What is the purpose of a savings account?

A
to keep money now to be used later
B
to avoid the need for a budget
C
to prioritize spending
D
to pay for fixed expenses
24

Iliana’s gross pay is $2,130 per month. Her deductions total $270. She budgets for $1,000 in fixed expenses and $400 in variable expenses. How much money will Iliana be able to save?

A
$270
B
$460
C
$730
D
$860
25

What initially happens to borrowers who fail to repay the balance on their credit cards?

A
They are forced sell their purchases.
B
They risk being sent to prison.
C
They return the credit cards to the bank.
D
They must pay high interest rates.

Did you find these answers helpful?

More from this Course

Quiz
22 verified answers

Unit Test

Instruction
31 verified answers

Unit Test

Assignment
25 verified answers

Professions Part 1

Creating a Personal Budget — Unit test Answers…