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Financial Literacy Quiz

Authored by Consuelo Saenz

Life Skills

University

Used 3+ times

Financial Literacy Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

To have a/an __________ at the end of the month, I will make sure I don't spend more than I earn and have some money to save at the end of the month.

income

budget

expense

savings

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the first step in creating a budget?

Calculate how much money you spend.

Calculate how much money you like to donate or give to the needy.

Calculate how much money you owe others.

Calculate how much money you earn.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Saving provides money for_____.

daily needs

meals

entertainment

unplanned expenses

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Determining your cash flow can help you _____.

spend more money

make good decisions

know where your money is being spent

spend less money

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The first step to good budgeting is ______.

Setting realistic goals

Identifying income and expenses

Separate needs from wants

Design your budget

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Based on the 70% rule money guideline, how many percent should go to savings and debt?

70%

30%

20%

10%

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Saving money can make you____.

become financially independent

prepare for the future

get out of debt

all of the choices

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