Financial Literacy Review

Financial Literacy Review

9th - 12th Grade

30 Qs

quiz-placeholder

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Financial Literacy Review

Financial Literacy Review

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Billy Best

Used 115+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount of money you have to spend?

Cash Inflow

Cash Outflow

Net Worth

Balance Sheet

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount of money that is spent on various living expenses called?

Cash Inflow

Net Worth

Balance Sheet

Cash Outflow

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Take-Home Pay is another name for what?

Gross Pay

Net Pay

Cash Flow

Liabilities

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Net Worth equation?

Assets + Liabilities = Net Worth

Assets / Liabilities = Net Worth

Assets - Liabilities = Net Worth

Assets x Liabilities = Net Worth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Calculate the Net Worth:

Assets = $57,200

Liabilities = $27,000

$84,200

Not enough information to calculate

$57,200

$30,200

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a main purpose of a budget

To make sure you are living within your income

Achieve financial goals

Plan for financial emergencies

Keep you from buying the things you want

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which expenses occur on a regular basis for the same amount each time?

Fixed

Variable

Relative

Incremental

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