Personal Finance

Personal Finance

Assessment

Flashcard

Social Studies

6th - 8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

6 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Why is it important to set aside money for the future?

Back

To have funds available for future needs or emergencies

2.

FLASHCARD QUESTION

Front

You get a new job that pays double your current salary. What's the first thing that you should do?

Back

Create a budget you can spend your money wisely

3.

FLASHCARD QUESTION

Front

What would have the HIGHEST RISK of losing money with no benefit? Options: Loaning money from the bank, Loaning money to your friend, Buying a new video game you love

Back

Loaning money to your friend

Answer explanation

You lose money buying a video game, but at least you get a benefit- a new game!

4.

FLASHCARD QUESTION

Front

What would NOT be an important expense in a budget? Options: Entertainment, Health Insurance, Savings, Rent

Back

Entertainment

5.

FLASHCARD QUESTION

Front

Saving money allows you to...

Back

have extra cash for emergencies

6.

FLASHCARD QUESTION

Front

What is credit?

Back

Money borrowed from a lender with the promise it will be repaid.

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?