Financial Literacy

Financial Literacy

9th - 12th Grade

20 Qs

quiz-placeholder

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Financial Literacy

Financial Literacy

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Heidi Kouveras

Used 4K+ times

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20 questions

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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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