Unit quiz: Cash timing, priorities and reserves

Check understanding, separately from reading

5 questions · 80% to pass · no timer. This quiz checks the lessons in this unit. These authored questions assess recognition and application of the taught distinctions, not professional qualification. You may review the lessons and retry. Repeat attempts reuse the question bank; a remembered answer is not proof of transfer to a new situation.

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Question 1

Rent falls due before a paycheck arrives. Even if monthly income exceeds expenses, the account may lack enough money on the rent date.

What does a monthly surplus fail to guarantee?Enough cash on every payment dateThat income and expenses can be recorded

Question 2

Transport needed for work may be essential even if another household treats transport differently. Categories should reflect actual consequences, not generic shame.

How should an expense’s priority be judged?By assuming every household has identical needsBy its role and consequences in this household

Question 3

A subscription is fixed month to month but may be cancellable. Groceries vary yet remain necessary. Stability and necessity are different dimensions.

Which statement is correct?A fixed expense may still be changeableEvery variable expense is optional

Question 4

A worker with variable income and dependents may need a different reserve from someone with highly stable income and shared expenses. Compare risks rather than copying a slogan.

What should guide a reserve target?A universal amount independent of circumstancesLikely disruptions and household obligations

Question 5

An account advertises no monthly fee only when a minimum balance is maintained. Missing that condition changes the actual cost.

What must accompany the advertised fee?The conditions under which it appliesOnly the marketing headline

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