2025–2026 Economics Final: Multiple-Choice Question Bank

2025–2026 Economics
Final: Multiple-Choice
Question Bank


Including Exam Questions
and Certified Answers, with
a 100% Guarantee of
Success

, Economics Final Exam (multiple
choice)
Question 1 a spending and savings plan based on estimated income and expenses for an
individual or organization over a specific period of time Correct Answer budget


Question 2 a resource with economic value that an individual, corporation, or country
owns or controls with the expectation that it will provide future benefit Correct Answer
asset


Question 3
an obligation that legally binds an individual or company to settle a debt; when one is
responsible for paying the debt Correct Answer
liability


Question 4
the amount of money an individual has after taxes which is used to pay for needs such as
rent, groceries, utilities, etc
Correct Answer disposable
income


Question 5
the amount of money a person has left over after all payroll deduction and bills have been
paid; this is used for purchases that can be postponed, savings, investments
Correct Answer discretionary income


Question 6
the cost of credit expressed as a dollar
amount Correct Answer finance charge


Question 7
the cost of credit expressed as a percentage
Correct Answer
APR


Question 8
an agreement with specific terms between two or more persons or entities in which there
is a promise to do something in return for a valuable benefit Correct Answer contract