Personal Finance

Personal Finance

6th Grade

23 Qs

quiz-placeholder

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Personal Finance

Personal Finance

Assessment

Quiz

Social Studies

6th Grade

Medium

CCSS
RL.5.1, RI.3.4, 5.NBT.A.2

+10

Standards-aligned

Created by

Joseph Dougherty

Used 100+ times

FREE Resource

23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Bobby has bought a lot of stuff this week: two pairs of shoes, a flight to California, and four dozen doughnuts. He needs to cut back on his ___________.

income

investing

expenses

saving

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Rupert works in a factory and earns $30 a day. He has several kids at home and not enough money to feed them. He needs to earn a higher ____________ if he wants to feed his family.

opportunity cost

income

interest

budget

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Hidalgo is moving out of his parents' house for the first time. He now has new costs, including utility bills, rent, food, and gas. He has to plan carefully for all these new expenses so he doesn't spend his whole paycheck at once. He needs to make a ___________.

Budget

Loan

Deposit

Credit

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If your credit score is good, banks are more willing to offer you a ___________ when you need to make a big purchase.

debit

tax

finance

loan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I don't have the money to buy this TV right now, but I will later this month. I'll just buy it on __________ using my ________ card.

debit

credit

gift

interest

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Walter has a spending problem. He's been using his credit card like crazy, even though he has a low income each month. If he doesn't quit spending so much money, he could end up with a lot of _________.

debit

debt

investments

cash

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If you aren't careful, _________ can really catch up with you and put you in debt. _________ is the fee added to the amount of money you borrow, like when you use a credit card or take out a loan.

credit

debit

income

interest

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