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Financial Literacy - Ch 1 & 2

Authored by Tamara Long

Mathematics

12th Grade

CCSS covered

Used 24+ times

Financial Literacy - Ch 1 & 2
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40 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

1) Which of the following best explains why students should learn about personal finance?

Learning to manage money at this stage can eliminate financial mistakes and promote huge financial benefits for the future.

Personal finance skills are better learned through trial and error.

Personal finance skills are highly complex and require a great deal of time to learn.

Learning to manage money will help you achieve a profitable career.

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Personal financial success is primarily the result of:

Managing your money behavior

Winning the lottery

Generous welfare and unemployment programs

Inheriting money from your parents

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

6) Which of the following is not a true statement?

Americans learned to borrow amidst post-WWII prosperity.

The credit industry in America has not changed much since 1917.

After 1970, consumer debt skyrocketed.

As banks made higher profits, they were willing to lend more money to consumers.

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following is not a factor in becoming money smart?

Have knowledge of basic math

Learn the language of money

Manage your behavior with money

Learn how to read your credit card statements

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

When it comes to personal finance, the math is easy. Whatʹs challenging is managing your

.

Income

Friends

Bank account

Behavior

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

True financial security is achieved when your money begins to generate an income -your money starts working for you

TRUE

FALSE

I DON'T KNOW

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Most Americans avoid the use of credit when it comes to buying big -ticket items like a car or furniture for their home.

TRUE

FALSE

I DON'T KNOW

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