What is Financial Literacy?
Quiz
•
Business
•
7th Grade
•
Practice Problem
•
Medium
Kimberly Stucky
Used 1K+ times
FREE Resource
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16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following words mean money you make or earn, EXCEPT which word?
Wage
Salary
Income
Rent
Paycheck
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A fixed expense is one that stays the same from month to month.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a fixed expense?
Rent
Food
Electric Bill
Entertainment
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A variable expense is one that changes from month to month.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a variable expense?
Rent
Car Payment
Food
Insurance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a source of money you make?
Mortgage
Rent
Insurance
Wage
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A personal budget lets you know what expenses and income you have so you can make good financial decisions.
True
False
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