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Module 9 Review

Quiz by Suzanne Roberts

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12 questions
Show answers
  • Q1
    A spending plan created to help manage money.
    Cash flow
    Budget
    Personal balance sheet
    Personal financial statements
    30s
    Edit
    Delete
  • Q2
    Any difference between a budget and what was actually spent during the time period.
    Differentiated budget
    False budget
    Spent budget
    Budget variance
    30s
    Edit
    Delete
  • Q3
    The "inflow and outflow of cash during a given time period".
    Cash flow statement
    Net worth
    Personal financial statements
    Cash flow
    30s
    Edit
    Delete
  • Q4
    A record of income and expenditures for a particular period.
    Cash flow statement
    Net worth
    Cash flow
    30s
    Edit
    Delete
  • Q5
    Those that need to be paid in full within a short period of time (less than one year).
    Current liabilities
    Long-term liabilities
    30s
    Edit
    Delete
  • Q6
    Money due to others that needs to be paid immediately.
    Liquid assets
    Liabilities
    Cash flow
    30s
    Edit
    Delete
  • Q7
    Assets that can quickly and easily be converted to cash.
    Fast assets
    Current assets
    Liquid assets
    30s
    Edit
    Delete
  • Q8
    Those that do not need to be paid in full for a longer period of time (more than one year).
    Current liabilities
    Long-term liabilities
    30s
    Edit
    Delete
  • Q9
    The difference between your assets and your liabilities.
    Cash flow
    Budget variance
    Net worth
    30s
    Edit
    Delete
  • Q10
    An assessment of what you own and what you owe.
    Cash flow statement
    Personal balance sheet
    30s
    Edit
    Delete
  • Q11
    Snapshots of your financial situation, including your income and spending.
    Net worth
    Cash flow
    Personal financial statements
    30s
    Edit
    Delete
  • Q12
    A private, secure storage area at a location such as a bank.
    Locked box
    Safe deposit box
    Bank safe
    30s
    Edit
    Delete

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