Financial Literacy Part 1 Study Guide

Financial Literacy Part 1 Study Guide

6th Grade

28 Qs

quiz-placeholder

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Financial Literacy Part 1 Study Guide

Financial Literacy Part 1 Study Guide

Assessment

Quiz

Business

6th Grade

Medium

Created by

Shawn Niolon White

Used 3+ times

FREE Resource

28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the type of expense described.

You get a flat tire and must replace the tire.

Fixed

Discretionary

Periodic

Variable

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the type of expense described.

Your water bill is very high this month because you left the water hose running after filling your pool with water.

Fixed

Discretionary

Periodic

Variable

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How would you write the amount on a check in alpha numerical format for the amount of $22.34?

22.34

22.34

twenty-two and 34/100

Twenty-two dollars and thirty four sents

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is the correct way to write the date on a check? Select all that apply.

June 11, 2022

06-June-2018

3-14-2011

12/24/22

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of purchase should be most likely to be put on a credit card?
Expensive Items
All purchases
None

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is money borrowed to pay for a large purchase like a car or home called?
Creditor
Loan
Retail
Major

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You go to Best Buy to purchase a computer that costs $1,200.00 and try to charge it to your credit card.  Your card is declined.  Why?
Your credit limit is only $500.00
You only have $500 in your checking account.
You only have $500 in your savings account.

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