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Financial Literacy Intro Assessment

Financial Literacy Intro Assessment

Assessment

Flashcard

Business

6th - 8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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34 questions

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1.

FLASHCARD QUESTION

Front

What is financial literacy?

Back

The knowledge to make informed financial decisions

2.

FLASHCARD QUESTION

Front

Which of the following is NOT a key component of financial literacy? Budgeting, Saving, Investing, Gossiping

Back

Gossiping

3.

FLASHCARD QUESTION

Front

How can being financially literate help an individual?

Back

It increases financial security

4.

FLASHCARD QUESTION

Front

What is a budget?

Back

A plan for managing income and expenses

5.

FLASHCARD QUESTION

Front

What does saving money mean?

Back

Keeping a portion of your income for future needs

6.

FLASHCARD QUESTION

Front

Why is it important to learn about investing?

Back

To grow your wealth over time

7.

FLASHCARD QUESTION

Front

A single person will have less income tax withheld than a married employee.

Back

False

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