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Personal Finance-Lesson 1

Authored by Josh Stone

Other

6th - 8th Grade

Used 90+ times

Personal Finance-Lesson 1
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17 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Financial Literacy is:

The ability to use knowledge and skills to make effective and informed money management decisions

Knowing all of the different forms of currency used throughout the world.

Being well read.

the active process of managing your resources to maintain a positive relationship with your money

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a basic principle of personal finance?

Spend less than you earn.

Always have the nicest and newest clothes.

Make your money work for you.

Protect your money.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a category of financial decision making?

Saving

Spending

Spontaneous purchases

Investing

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is the FIRST part of financial decision making?

Identify alternatives

Decide

Consider the consequences

Evaluate the results

Identify the problem.

5.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Check ALL of the factors that influence financial decision making:

Age

Budget

Habits

Your eye color

Time

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Your values influence your financial decision making

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a need

Video Games

Food

Water

Shelter

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