Finanical Literacy Before

Finanical Literacy Before

4th - 9th Grade

17 Qs

quiz-placeholder

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Finanical Literacy Before

Finanical Literacy Before

Assessment

Quiz

Education, Life Skills, Specialty

4th - 9th Grade

Practice Problem

Medium

Created by

Pratap Tyagi

Used 5+ times

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17 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Deciding how to spend your money before you actually spend it.

Cash

Budget

Payment

Balance

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Anything that you spend money on.

Income

Expense

Withdrawal

Save

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A plastic payment card linked to an account and is used for transactions.

Debit Card

Credit Card

Gift Card

Saving account

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Scholarships and grants are available for many college students, and they...

give students a job to help pay

don't have to be paid back

have lower interest rate

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Credit cards and debit cards are essentially the same thing.

True

False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Your neighbor will pay you Rs10.00 to wash his car. You wash his car once. How many full hours will you now have to babysit (Rs 10.00 an hour) so you can pay for Rs.100.00 jacket?

8 Hours

10 Hours

9 Hours

7 Hours

7.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Distinguishing your needs and wants is a crucial step for budgeting. What are the examples of ‘needs’ in the following?

Essential items (food, school fee)

A fancy and expensive car

Going on a summer break trip all your friends are going

Paying rent

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