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1 What is a budget?
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A plan for managing income and expenses
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A type of bank account
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A loan
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A tax
Correct!Wrong!
A plan for managing income and expenses
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2 What is saving?
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Spending all your income
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Setting money aside for future use
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Borrowing money
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D) Paying taxes
Correct!Wrong!
Setting money aside for future use
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3 What is interest?
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A fee or return associated with borrowing or saving money
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A bank card
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A stock exchange
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A currency
Correct!Wrong!
A fee or return associated with borrowing or saving money
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4 What is an emergency fund?
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Money reserved for unexpected expenses
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Money for entertainment
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C) A credit card
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A business loan
Correct!Wrong!
Money reserved for unexpected expenses
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5 Which habit generally helps with saving?
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Spending before budgeting
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Borrowing for every purchase
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Tracking expenses
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Ignoring expenses
Correct!Wrong!
Tracking expenses
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Money IQ Test
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