Financial Literacy Final Exam Review

Financial Literacy Final Exam Review

Assessment

Flashcard

Mathematics, Other, Specialty

9th - 12th Grade

Hard

Created by

Quizizz Content

FREE Resource

Student preview

quiz-placeholder

15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What type of tax is applied to the purchase of goods and services?

Back

Sales tax

2.

FLASHCARD QUESTION

Front

What is a fixed expense?

Back

An expense that remains the same every month, such as a house payment.

3.

FLASHCARD QUESTION

Front

What is a savings account classified as?

Back

Asset

4.

FLASHCARD QUESTION

Front

Which payment method requires a PIN for transactions?

Back

Debit Card

5.

FLASHCARD QUESTION

Front

What is credit?

Back

Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date.

6.

FLASHCARD QUESTION

Front

What is a variable expense?

Back

An expense that can change from month to month, such as utility bills.

7.

FLASHCARD QUESTION

Front

What is the difference between an asset and a liability?

Back

An asset is something of value owned, while a liability is a debt or obligation.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?