Financial Literacy

Financial Literacy

7th - 8th Grade

18 Qs

quiz-placeholder

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Financial Literacy

Financial Literacy

Assessment

Quiz

Life Skills

7th - 8th Grade

Easy

Created by

Heather Clower

Used 108+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The amount of a paycheck that a person can actually spend; The actual amount of one's paycheck.

net income

gross income

needs

savings

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Total income amount of income from wages or salary before payroll deductions.

net income

gross income

wage

wants

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A deposit at a bank or savings and loan that pays interest, but cannot be withdrawn in check writing.

checking account

debit card

credit card

savings account

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The amount paid for the use of borrowed money.

coverage

deposit

interest

asset

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A plastic card that can be used by the holder to make purchases or obtain cash advances using a line of credit made available by the card-issuing financial institution.

credit card

debit card

ATM card

gift card

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

to put money into a bank or investment account

withdraw

payment

deposit

plan

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Money that a person receives; such as a paycheck from a job, an allowance from parents (inheritance), or interest earned on a savings account.

budget

income

expense

garnishment

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