Entering the World of Work

Chapter 14: Managing Your Money

Practice Tests

1.
A _____ is a plan to use your money to reach your goals.
A)debt
B)budget
C)balance
D)check register
2.
_____ are things on which you spend money.
A)Savings
B)Checks
C)Expenses
D)Debit cards
3.
Money you keep for the future is called _____.
A)debt
B)expenses
C)withdrawal
D)savings
4.
Basic expenses that are about the same each month are called _____.
A)balances
B)fixed expenses
C)endorsements
D)accounts
5.
The amount of money in your bank account is your _____.
A)check register
B)deposit
C)withdrawal
D)balance
6.
A _____ is money you put into your account.
A)deposit
B)withdrawal
C)balance
D)check register
7.
A _____ is money you take from your account.
A)withdrawal
B)fixed expense
C)savings
D)deposit
8.
A bank account that lets you write checks is called a _____.
A)debt
B)endorsement
C)checking account
D)deposit
9.
A record of your checking account is called a _____.
A)withdrawal slip
B)debit card
C)set expense
D)check register
10.
A _____ means you owe someone money.
A)expense sheet
B)budget
C)debt
D)fixed expense
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