Financial Literacy

Financial Literacy

8th - 12th Grade

50 Qs

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Financial Literacy

Financial Literacy

Assessment

Quiz

Life Skills

8th - 12th Grade

Medium

Created by

Melissa Allen

Used 18+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Borrowed Money called? *

Interest

Loans

Savings

Investment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Putting Money Away for Later *

Savings

Net Pay

Loan

Interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What you bring home after all your Deductions? *

Gross Pay

Savings

Annual Pay

Net Pay

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What you make before deductions?

Gross Pay

Savings

Earned Income

Net Pay

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something you pay when you have debt *

FICA

Taxes

Interest

Social Security

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is emergency savings?

Transferring money into your savings before you pay your bills

Original amount of money saved or invested

Cash set aside to cover the cost of unexpected events

Maximizing your return by selling stocks at a higher price than what you paid for

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is investing?

Possibility that an investment will fail to pay the expected return

Money invested is usually used to pay for long-term goals

Assets purchased with the goal of providing additional income from the asset itself but with the risk of loss

The danger that money won’t be worth as much in the future as it is today.

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