
Financial Literacy
Authored by Rebecca Lal
7th Grade
Used 73+ times

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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A budget is...
The same thing as a savings account
A sum of money to be used for a particular purpose
A list of things you want
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A debit card is...
Like a credit card, but it takes money directly from your checking account
A card that lets you buy goods and services based on a promise to pay later
A card which you may only make online purchases with
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit card is...
A card that lets you buy goods and services based on a promise to pay later.
A card that charges monthly interest if the balance is not paid in full.
Both answers are correct.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A checking account is...
A sum of money to be used for a particular purpose.
A share in a corporation that gives you a stake in the company and its profits.
An account where the depositor can write checks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account is...
An account where money is stored and returns a low interest rate.
The same thing as a checking account.
An account that allows you to borrow money at a rate of interest.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You have $200. How do you keep track of it?
Budget it by splitting it amongst your current and future expenses.
Stick it under your bed for safekeeping.
Put it in your savings account.
Spend it because YOLO!
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is it called when you spend more than you have?
Transfer
Debt
Withdrawl
A gosh-darn pickle!
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