
Financial Literacy Test
Authored by Kathy Glisson
Business
9th Grade
Used 9+ times

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33 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compound interest in savings accounts earns more money for the owner than
Direct interest
Simple Interest
Both of these
None of these
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Investing
Is a guaranteed way to grow your money
Is riskier than putting money in a savings account
Is never a good option for growing your money
Two of these
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
FDIC
Protects funds in the stock market
Stands for the Federal Deposit Insurance Corporation
Stands for Federal Demonstrative Instant Command
Two of these
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Cash Advance
Is an expensive way to borrow money
Is a long-term cash loan
Is a tax break
None of these
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compensation is
The amount of taxes you have to pay for your job
An amount of money that is awarded to a person to pay for loss, injury or suffering.
Both of these
None of these
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit History is
A record of a person's borrowing and repayment activity
A record of where someone has lived during his lifetime
A payment record that allows you to borrow money
None of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cryptocurrency is
All types of money
Can be used like money to make purchases or hold onto like an investment
A digital asset or valuable item
Two of these
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