Financial Literacy Quiz

Financial Literacy Quiz

7th - 8th Grade

26 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Social Studies

7th - 8th Grade

Medium

CCSS
6.NS.C.5, RF.3.3B, L.8.5A

+13

Standards-aligned

Created by

Lamont Graves

Used 16+ times

FREE Resource

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26 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is your First and Last name?

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OFF

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Interest can be defined as:

a charge for lending money
the amount owed for borrowing money
the amount added into your savings account when opening a bank account
a charge for convenience of accessing money in your bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following situations does not describe the use of a credit card?

may earn rewards

can be used to build a positive credit history

allows for unlimited purchases

purchases may be subject to interest charges

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the current amount of money in your bank account called?

balance
debt
withdrawl
payment

Tags

CCSS.6.NS.C.5

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money that is earned through a job.

Interest
Income
Expense

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

To put money into an account.

Deposit
Withdraw
Savings for a chicken
Interest for a cow

Tags

CCSS.L.8.5A

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is affected by a bad credit score?

Getting a loan
Buying a house
Buying a car
All of the above

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