Personal Financial Literacy Test Review
Authored by James Norman
Social Studies
9th - 12th Grade
Used 32+ times
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60 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The budgeting process starts with monitoring current spending
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most short-term goals are based on activities over the next 2 or 3 years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A common long-term goal may involve saving for college for parents of a newborn child
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rent is considered a fixed expense
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Flexible expenses stay about the same each month
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An electric bill is commonly considered a fixed living expense
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a security deposit covers the rent for the first month when moving into an apartment
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