Everfi Vault - Understanding Money (4-6)

Everfi Vault - Understanding Money (4-6)

7th Grade

45 Qs

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Everfi Vault - Understanding Money (4-6)

Everfi Vault - Understanding Money (4-6)

Assessment

Quiz

Computers

7th Grade

Practice Problem

Medium

Created by

Kristie Booth

Used 97+ times

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45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How is buying with credit different than paying with cash?

With credit, you don't have to pay interest
With credit, you borrow money and repay later, with interest
No difference

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Buying something with a credit card means you can make payments over time.

True
False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Adults usually use credit to buy things that are extremely expensive, like houses or cars.

True
False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Before letting someone borrow something, you need to know if that person is reliable and honest.

True
False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

You can be reliable when borrowing things from friends by never giving those items back.

True
False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

People should only lend things to friends who always return things on time and in good condition.

True
False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Buying with credit means that you can pay for the things from your checking account.

True
False

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