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Financial Literacy Review

Authored by Sarah Curl

7th - 8th Grade

CCSS covered

Used 31+ times

Financial Literacy Review
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25 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An example of a financial institution is

a department store
a bank
a school
an ATM

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A debit card is just another name for a credit card

True
False

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When you use a debit card, you

buy now, pay later
buy now, pay now

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When you use a credit card, you

buy now, pay later
buy now, pay now

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When financial institutions lend money, they charge borrowers

debits
stock
interest
credit

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Though they are not used as much, what is a written order for a bank to pay money

checks
credit cards
foreclosures
pink slips

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Before taxes, the amount of earnings made over ONE YEAR is called

Gross Annual Income
Gross Monthly Income
Net Annual Income
Net Monthly Income

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