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Introduction to Financial Literacy

Authored by Julie Kramersmeier

Other

9th - 12th Grade

Used 4+ times

Introduction to Financial Literacy
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest is...

the amount earned or owed on principal amount

late fees

the orginal amount borrowed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget is...

a plan for how you will spend your money

a type of savings account

the amount of money the government taxes you on

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When it comes to savings, always..

keep most of your cash hidden at home

choose savings account with lowest interest rate

pay yourself first

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of bank account offers the most flexible access to your money?

Certificate of Deposits (CDs)

checking

savings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debit cards are connected to funds in your bank account.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of these is a charge you would NOT see on a credit card.

cash advance fee

money order fee

late payment fee

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Best way to avoid credit card debt.

paying in full and on time

paying the minimum every month

only using credit cards for things you can't afford

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