Making the right money moves

Making the right money moves

Assessment

Flashcard

Business

8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

10 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is the importance of budgeting when it comes to managing your money?

Back

Budgeting allows for better management and control of one's finances.

2.

FLASHCARD QUESTION

Front

Why is it important to save money for the future?

Back

To build financial security and have a safety net for unexpected expenses.

3.

FLASHCARD QUESTION

Front

What are the potential risks of borrowing money from a lender?

Back

Potential risks include high interest rates, fees, impact on credit score, and the possibility of defaulting on the loan.

4.

FLASHCARD QUESTION

Front

How can you differentiate between needs and wants when it comes to spending money?

Back

By evaluating if the item is essential for survival or for basic needs, or if it is something that is desired but not necessary for daily life.

5.

FLASHCARD QUESTION

Front

What are the benefits of investing money in stocks or mutual funds?

Back

Potential for long-term growth and diversification

6.

FLASHCARD QUESTION

Front

What are the potential consequences of not paying your bills on time?

Back

Negative impact on credit score and potential legal action by creditors.

7.

FLASHCARD QUESTION

Front

How can you protect yourself from identity theft and financial fraud? Options: Use the same password for all your accounts, Share your personal information with strangers, Regularly monitor your financial accounts and credit reports, Click on suspicious links in emails

Back

Regularly monitor your financial accounts and credit reports

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?