Financial Literacy

Quiz
•
Life Skills
•
9th - 12th Grade
•
Medium
Heidi Kouveras
Used 4K+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is saving?
Accumulation of excess funds by intentionally spending less than you make
Cash set aside to cover the cost of unexpected events
A monetary asset that contributes to your net worth
Money available today that is worth more if received in the future
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is emergency savings?
Transferring money into your savings before you pay your bills
Original amount of money saved or invested
Cash set aside to cover the cost of unexpected events
Maximizing your return by selling stocks at a higher price than what you paid for
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is an item considered an asset?
While you are making monthly payments on time
Converting an asset into cash
When cash is used for emergencies
When it is fully paid off and can be sold for cash
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much money should you save for emergencies?
2 months worth of expenses
6 months worth of expenses
Cash in whatever stocks you have to pay for an emergency
As a neighbor for a loan if needed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does time effect money?
The more money you save the more you will make
Saving for a short period of time proves long term investments
The longer you save your money the more you will make
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is investing?
Possibility that an investment will fail to pay the expected return
Money invested is usually used to pay for long-term goals
Assets purchased with the goal of providing additional income from the asset itself but with the risk of loss
The danger that money won’t be worth as much in the future as it is today.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stocks are:
A share of ownership in a company
Organization pays interest to the lender
Form of lending to a company or the government
A specified time in the future when the principal amount of the bond is repaid to the bondholder
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