Personal Finance - Knowledge Inventory

Personal Finance - Knowledge Inventory

8th Grade

7 Qs

quiz-placeholder

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Personal Finance - Knowledge Inventory

Personal Finance - Knowledge Inventory

Assessment

Quiz

Other

8th Grade

Hard

Created by

David Bumphis

Used 11+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

An average career will last approximately how many hours if you work for 43 years?

1 million hours

860 hours

8,600 hours

86,000 hours

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

When paying taxes in the U.S., the more money you make, ____________________.

The more taxes you pay.

The fewer taxes you pay.

The more you hate paying taxes.

Doesn't make a difference because everyone pays the same amount in taxes.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

One common denominator of most financially successful people is that they?

Quit school before they were 18.

Always keep $500 in their pocket.

Started a business early in life.

Worked part-time when they were teenagers.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

People who do not understand the difference between ______________ usually struggle with financial problems.

Needs and wants

Food and shelter

Buying and renting

Taxes and insurance

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

A ___________ is a plan for how you will spend your money.

Credit card

Cash journal

budget

Credit card

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What are the two main reasons to save money?

So you can invest it and donate it

For rainy days and to buy all the things you want

To pay off your credit cards and for major purchases

For rainy days and major purchases

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Developing a financial lifestyle that fits the amount of money you will earn in your career and is the secret to financial success is called,________________?

A money management program

A lifestyle driven journey

A journey driven lifestyle

None of the above