8th Exploratory: Personal Finance - FINAL TEST REVIEW

8th Exploratory: Personal Finance - FINAL TEST REVIEW

8th Grade

32 Qs

quiz-placeholder

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8th Exploratory: Personal Finance - FINAL TEST REVIEW

8th Exploratory: Personal Finance - FINAL TEST REVIEW

Assessment

Quiz

Other

8th Grade

Practice Problem

Easy

Created by

Heath Brower

Used 19+ times

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Refers to all the money decisions a person or family must make in order to earn, budget, save, and spend money over time. These choices involve planning for emergencies and for the future.

Personal finance

Home finance

Cash flow statement

Financial aid

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the 1st of the 5 FOUNDATIONS of personal finance?

Cash for college

Cash for first car

$500 emergency fund

Build wealth, Invest, & give

Pay off all debts

(get outta debt)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Personal finance is about _______ behavior and _______​ % head knowledge.

80% , 20%

100% , 0%

60% , 40%

70% , 30%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A liability can be described as:

Something you own that has value

Something that goes down in value over time

Money that you have in a savings

account

Money you owe; a debt

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A measurement of the total dollar value

of a person’s or business’ assets minus

liabilities is called:

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the LAST of the 5 FOUNDATIONS of personal finance?

Cash for college

Cash for first car

$500 emergency fund

Build wealth, Invest, & give

Pay off all debts

(get outta debt)

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following would be a

good reason to use money out of your

emergency fund?

You broke a window at school. It was an accident, but you need to pay to replace it.

You are at the store, and there is a pack of gum calling your name.

The new Nintendo Switch game you have been looking forward to just got released for download.

You forgot your snack, and there are some for sale in the vending machine. But, your mom is bringing your lunch later.

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