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Financial Literacy - Assets and Liabilities

Mathematics

7th Grade

CCSS covered

Used 21+ times

Financial Literacy - Assets and Liabilities
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3 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Emily created the net worth statement shown.


Based on the information in the table, what is Emily's net worth?

$107,550

$87,025

$20,525

$128,075

Tags

CCSS.6.NS.C.5

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The table shows Gillian's net worth. Assets are shown as positive numbers, and liabilities are shown as negative numbers.


Gillian's net worth is $90,500. Based on the information in the table, what is the amount of money Gillian owes for student loans?

$19,950

$12,250

$16,100

$86,650

Tags

CCSS.7.NS.A.1B

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which correctly shows a list of assets and liabilities?

Assets: mortgage, car loan, credit card debt


Liabilities: car value, home value, savings account, retirement savings

Assets: home value, car value, savings account, retirement savings, credit card debt


Liabilities: mortgage, car loan

Assets: home value, savings account, car value, retirement savings


Liabilities: credit card debt, mortgage, car loan

Assets: savings account, retirement savings, mortgage, car loan


Liabilities: home value, car value, credit card debt

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