Question

1. Income and expenses are the same thing.
A) True
B) False


2. Income is the money that you receive from salary, wages, business profits, etc.
A) True
B) False


3. This is money spent on goods and services. Examples are things such as utilities, food, etc.
A) Income
B) Expense
C) Both answers are correct
D) Neither answer is correct


4. Money influences financial decisions such as with
A) Budgeting
B) Saving
C) Planning for future goals
D) All of these are correct


5. Seasonal income may require more careful financial planning.
A) Fluctuations
B) Income and budget
C) None of these are correct
D) Emergency fund

Answer 1

1. B) False

2. A) True

3. B) Expense

4. D) All of these are correct

5. A) Fluctuations