Financial Literacy, 2022-23
Authored by Christopher Volk
Life Skills
11th Grade
Used 11+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Being on a Budget means.....
You are earning enough money to live well
You pay your bills on time every month
You made a plan of your expenses to be less than or equal to your income
Your bills are generally paid on time every month
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What portion of your income should you budget for daily needs?
20%
30%
50%
10%
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does it mean to have an Annual Wage?
Your income is calculated by the amount of hours you work.
Your income is calculated by the year you work.
Your Income is calculated by the months you work.
Your income is calculated by the days you work.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does it mean to have an Hourly Wage?
Your income is calculated by the amount of hours you work.
Your income is calculated by the year you work.
Your Income is calculated by the months you work.
Your income is calculated by the days you work.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When borrowing money, like a loan, you pay back the amount with....
Interest
Debt
Inflation
Income
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a tax?
money owed after using a credit card
contribution to government revenue
a type of currency
a collection of your income for savings
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is an income?
a way to save money
the amount of tax owed
Money received from a job
a type of currency
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