1: Items and services necessary to have a fulfilling, healthy life are ___. A: needs
B. Expenses
C: wants
D: budgets

2. are items and services unnecessary for survival but that can bring satisfaction and comfort.
A. Needs
B. Expenses
C. Budgets
D. Wants

3. Varying expenses for food, clothing, transportation, and recreation are .
A. Flexible expenses
B. Fixed expenses
C. Wants
D. Needs

4. Mortgage and rent payments that are set amounts you are committed to pay are .

A. Wants
B. Fixed expenses
C. Needs
D. Flexible expenses

5. To manage your money wisely, develop a(n) .
A. Fixed expenses
B. Flexible expenses
C. Insurance
D. Budget

6. Certificates representing a company’s or government’s promise to repay a loan on a given date are .

A. Stocks
B. Bonds
C. Budgets
D. Mutual finds

7. Certificates representing ownership of a small portion of a company are .
A. Budgets
B. Bonds
C. Stocks
D. Mutual funds

8. A group of many investments purchased by a company representing numerous investors is a .
A. Budgets
B. Bond
C. Mutual fund
D. Stock

1: Items and services necessary to have a fulfilling, healthy life are NEEDS.

2. WANTS are items and services unnecessary for survival but that can bring satisfaction and comfort.

3. Varying expenses for food, clothing, transportation, and recreation are FLEXIBLE EXPENSES.

4. Mortgage and rent payments that are set amounts you are committed to pay are FIXED EXPENSES .

5. To manage your money wisely, develop a(n) BUDGET.

6. Certificates representing a company’s or government’s promise to repay a loan on a given date are BONDS .

7. Certificates representing ownership of a small portion of a company are STOCKS

8. A group of many investments purchased by a company representing numerous investors is a MUTUAL FUND.

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