Personal Finance
Quiz
•
6th - 12th Grade
•
Practice Problem
•
Medium
+4
Standards-aligned
Edward Marrone
Used 2K+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a budget?
A type of savings account
A way to invest for retirement
A fund for emergencies
A financial plan that defines expenses for a period of time.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is an emergency fund?
A savings account set aside for unexpected situations.
A way to invest for retirement.
Something most people don't need, because emergencies are rare.
An investment account that can grow over time.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Emergency funds are calculated based on:
Monthly Expenses
Monthly Income
Retirement Planning
Investing for College
Tags
CCSS.6.RP.A.3C
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How many months of expenses should be set aside for an emergency fund?
3-6 months
6-12 months
12-18 months
1-3 months
Tags
CCSS.7.RP.A.3
5.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Which of the following are characteristics of money used as savings, including emergency funds?
Safe
Accessible
Liquid (in the form of money)
Invested in risky business ventures
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
What is required for money to be SAFE? (select all that apply)
Only the owner should be able to get it
It can't go greatly down in value.
It can grow in value over time
Anyone can steal it easily
7.
MULTIPLE SELECT QUESTION
1 min • 1 pt
What is meant by money being ACCESSIBLE? (select all that apply)
Anyone can get it easily
The owner can get it quickly
It takes a long time to get the money
The owner can get it easily
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