Personal Finance Pretest

Personal Finance Pretest

Assessment

Flashcard

Life Skills

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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25 questions

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1.

FLASHCARD QUESTION

Front

What is the primary purpose of debits and credits in personal finances?

Back

To track income and expenses

2.

FLASHCARD QUESTION

Front

Which of the following is an example of a debit in a personal budget? A paycheck deposit, A credit card payment, A utility bill payment, A savings account interest payment

Back

A utility bill payment

3.

FLASHCARD QUESTION

Front

What would be an example of a credit in personal finances?

Back

Bonus check from work

4.

FLASHCARD QUESTION

Front

Which of the following is NOT a skill related to personal budgeting? Understanding income and expenses, Creating a savings plan, Setting financial goals, Ignoring monthly bills

Back

Ignoring monthly bills

5.

FLASHCARD QUESTION

Front

How does salary typically correlate with education level?

Back

Higher education often leads to higher salaries

6.

FLASHCARD QUESTION

Front

Which of the following is an important component of a personal budget? Ignoring savings, Including all monthly expenses, Estimating income by rounding, Excluding taxes

Back

Including all monthly expenses

7.

FLASHCARD QUESTION

Front

What is the first step in creating a personal budget?

Back

Track monthly income and expenses

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