
Financial Literacy
Quiz
•
Life Skills
•
9th - 12th Grade
•
Easy
Stephanie Holloway
Used 2+ times
FREE Resource
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9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tina wants to start saving for college. She heard about CDs and mutual funds, but doesn’t know which is best for her. What should Tina do?
set aside $100 per month to save
she should become more knowledgeable by talking to a financial advisor or taking a class
spend less and put aside what she can
she should just take out a student loan or multiple student loans if necessary
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Drew wants to ask his uncle to help him invest money in the stock market. He scanned the paper and picked a company he had heard about. What should Drew do?
He should put his money in a checking account.
He should become more knowledgeable about his options for savings accounts.
He should avoid buying stocks--too risky!
He should read a good book about investing in stocks.
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Sandy has had a job for a few months now. It will soon be time to complete her first tax return. What should Sandy do? (Choose all that apply)
Obtain the tax brochure from the IRS and read it.
Wait until she gets billed from the IRS.
Ask her parents about how to fill out tax forms.
Set aside some time to complete the forms well before the deadline.
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose reasons for becoming financially literate.
So you can become a good steward of God's resources.
It reduces your stress.
So you can choose high risk investments
It helps you save money and keeps you from losing money.
It helps you reach your goals and make smart decisions.
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Find the 3 misconceptions from the following list:
Buy stock before you have a steady income.
After high school, there is no need for further education.
In high school you are too young to budget.
Save your money before you have a full time job.
A bank isn't a safe place to keep your money.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A misconception is a . . .
notion that is true
bad habit
misunderstanding
lie
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choose an example of financial irresponsibility.
driving a car without insurance
clipping coupons to use when shopping
paying your bills when they are due
organizing your financial documents
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