Financial Literacy

Financial Literacy

Assessment

Flashcard

Mathematics

9th - 12th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, 6.RP.A.3B, 6.RP.A.3C

Standards-aligned

Created by

Wayground Content

FREE Resource

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14 questions

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1.

FLASHCARD QUESTION

Front

The purpose of a budget is to:

Media Image

Back

help you plan how you will spend the money you earn or receive.

2.

FLASHCARD QUESTION

Front

Interest is:

Media Image

Back

the amount owed for borrowing money

Tags

CCSS.7.RP.A.3

3.

FLASHCARD QUESTION

Front

Which of the following is a fixed expense?

Clothing purchases

,

Groceries

,

Rental payments

,

Movie tickets

Back

Rental payments

4.

FLASHCARD QUESTION

Front

Which of the following is a variable expense?

  • Student loan payments
  • Groceries
  • Rental payments
  • Health insurance

Back

Groceries

5.

FLASHCARD QUESTION

Front

What can increase your credit card's APR? Options: Paying the minimum, Missing a credit card payment, Paying off the full balance, Cashing in on rewards points.

Back

Missing a credit card payment

6.

FLASHCARD QUESTION

Front

The regular payment for an insurance policy is called a:

Media Image

Back

premium

7.

FLASHCARD QUESTION

Front

A payment type that allows you to make purchases using money directly from your checking account.

Media Image

Back

Debit Card

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