Module 9 Review
Quiz by Suzanne Roberts
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12 questions
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- Q1A spending plan created to help manage money.Cash flowBudgetPersonal balance sheetPersonal financial statements30s
- Q2Any difference between a budget and what was actually spent during the time period.Differentiated budgetFalse budgetSpent budgetBudget variance30s
- Q3The "inflow and outflow of cash during a given time period".Cash flow statementNet worthPersonal financial statementsCash flow30s
- Q4A record of income and expenditures for a particular period.Cash flow statementNet worthCash flow30s
- Q5Those that need to be paid in full within a short period of time (less than one year).Current liabilitiesLong-term liabilities30s
- Q6Money due to others that needs to be paid immediately.Liquid assetsLiabilitiesCash flow30s
- Q7Assets that can quickly and easily be converted to cash.Fast assetsCurrent assetsLiquid assets30s
- Q8Those that do not need to be paid in full for a longer period of time (more than one year).Current liabilitiesLong-term liabilities30s
- Q9The difference between your assets and your liabilities.Cash flowBudget varianceNet worth30s
- Q10An assessment of what you own and what you owe.Cash flow statementPersonal balance sheet30s
- Q11Snapshots of your financial situation, including your income and spending.Net worthCash flowPersonal financial statements30s
- Q12A private, secure storage area at a location such as a bank.Locked boxSafe deposit boxBank safe30s