Personal Finance

Quiz
•
Social Studies
•
6th Grade
•
Medium
+10
Standards-aligned
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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