Financial literacy

Financial literacy

4th - 7th Grade

15 Qs

quiz-placeholder

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Financial literacy

Financial literacy

Assessment

Quiz

History, Social Studies

4th - 7th Grade

Medium

Created by

Colton Sumpter

Used 2+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

what is a certain amount of money that is able to be spent for an amount of time?

Budget

Credit

Debt

Income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what does credit mean?

Credit is an agreement between two or more people that says that you can use it but you have to pay it back with cash.

Money that you borrowed from someone that you have to pay back with interest.

The amount of money that you are getting paid for doing a job.

The extra amount of money that you pay that builds up over time.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is a credit card?

A card used for payment that can be used anywhere, you have to pay for the credit you used with interest and you have to pay a fee for owning the credit card.

A need is something that you use that helps keep you alive such as a house, job, or food. A want is something that you want to buy, but you don’t need it and it won’t help you that much in the long run such as a bike, pet, or phone.

To put money into a cause so that you may be able to earn your money back or earn more money back for holding stock in a company.

The amount of money that you are getting paid for doing a job.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the word for Money that you borrowed from someone that you have to pay back with interest.

Debt

debit card

The amount of money that you are getting paid for doing a job.

Invest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Need vs want

A need is something that you use that helps keep you alive such as a house, job, or food. A want is something that you want to buy, but you don’t need it and it won’t help you that much in the long run such as a bike, pet, or phone.

The extra amount of money that you pay that builds up over time.

A need is something you want while a want is something you need.

hit the notebook

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

whats the word for A debit card is a card that allows you to pay for items through your bank account without carrying actual money.

debit card

debet card

debt

dept

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is income

A debit card is a card that allows you to pay for items through your bank account without carrying actual money.

money that comes in

go to the car

money that you decide to get when you do a job for your friendly neighborhood spider man

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