Financial Planning

Financial Planning

9th - 12th Grade

22 Qs

quiz-placeholder

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Financial Planning

Financial Planning

Assessment

Quiz

Other

9th - 12th Grade

Hard

CCSS
RL.5.6, RI.9-10.5, RI.11-12.5

+3

Standards-aligned

Created by

Seong-Oea Hibner

Used 340+ times

FREE Resource

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is known as purchasing an item on a whim?
Impulse
Fixed
Flexible
Online purchase

Tags

CCSS.RL.5.6

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step of the decision making process?
Evaluating the decision
Identify the decision
Identify resources
Identify options

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following best describes a budget?
A financial tool for consumers with little money
A plan for saving and spending money
A set of restrictions on how to spend money
A statement of your assets and liabilities

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a balance sheet?
To determine your budget
To determine your income
To determine your credit card debt
To determine your net worth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is known as something you own. 
Liabilities
Assets
Net worth
Gross income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is known as something you owe. 
Assets
Liabilities
Identity theft
Budgeting

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of assets?
Paid off house
house mortgage
credit card debt
student loans

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