Personal Finance CA#1

Personal Finance CA#1

6th Grade

10 Qs

quiz-placeholder

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Personal Finance CA#1

Personal Finance CA#1

Assessment

Quiz

Social Studies

6th Grade

Easy

Created by

Melanie Miller

Used 6+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is a loan to buy a house called?

A credit card

A mortgage

Interest

Savings

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which term describes the total of a person's earnings from a job?

Invest

Credit

Savings

Income

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is a budget?

A plan for saving and spending

A loan

A loan to buy a home.

Keeping cash in a closet.

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A debit card is linked to your _____account.

Budget

Checking

Savings

Credit card

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Buying something now and paying for it later.

Income

Budget

Savings

Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is interest?

Money that is earned for doing work.

Money that is paid by the bank to the account holder for money being saved.

Money that is borrowed from the bank and used to make big purchases.

Money that is charged to an account holder when he or she uses more money than is in the bank account.

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is credit?

A person saves money to use in the future for large purchases.

A person keeps track of their expenses.

A person buys something and pays for it later.

A person invests money in new companies.

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