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HouseholdExpenditure Test

Enter the letter for the matching Definition
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1.
Consumer Durable Goods
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2.
Closing Cash
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3.
Net Cash
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4.
Budget Surplus
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5.
Opportunity Costs
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6.
False Economy
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7.
Budget Deficit
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8.
Financial Cost
A.
This is the planned net cash plus planned opening cash.
B.
This happens when the planned expenditure for the month is greater than the planned income for that month.
C.
These are goods that will give benefit to the buyer for a long period of time, more than one year.
D.
This is when the planned income for the month is greater than the planned expenditure for that month.
E.
Spending money of something which initially appears to save money but, over a long period of time costs more money.
F.
This is the amount of money paid for an item.
G.
This is the transaction of an item you must do without in order to buy another item.
H.
Difference between total planned income and total planned expenditure each month.
Type the Term that corresponds to the displayed Definition.
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9.
This is the ongoing spending on items that give benefits for a short period of time. Usually less than one year.
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10.
This is spending on goods and services on a regular basis, e.g. Once a week, once a month or once a year, where the amount spent is fixed and does not change with usage.
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11.
This is spending on an item that will give benefit for a long period of time. Usually more than one year.
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12.
This is spending on goods or services where the amount spent and/or the timing of the spending varies with usage.
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13.
Unplanned spending.
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14.
This is the amount of money a family plans to have at the start of a month.
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15.
This is spending on items you would like to buy but do not need for day to day living.
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16.
This is spending on the goods and services we use.

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