Personal Finance

Personal Finance

6th - 8th Grade

19 Qs

quiz-placeholder

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Personal Finance

Personal Finance

Assessment

Quiz

Other

6th - 8th Grade

Practice Problem

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

Money you earn through work

Taxes

Interest

Income

Credit Card

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which item could be classified as a NEED?

Food

A boat

Movie ticket

An xbox

3.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Media Image

A budget is... (select all that apply)

Your credit card bill at the end of the month.

An estimate of income/expenses (spending) for a set period of time.

The price of your insurance for the year.

A tool to help manage your money.

4.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Why is creating a budget so important? (Select all that apply)

It can help you reach your savings goals for what you want or need.

It can help you make better financial decisions.

It can help you see your spending habits so you can adjust them to what you want or need.

It can help you keep track of your neighbor's financial habits.

It can help you get a better job.

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

How does a credit card work?

You load the card with your own money.

It is unlimited and you don't have to pay it back.

It is loaned/borrowed money you pay in one large bill at the end of each month.

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What does the money in your savings account gain over time?

Interest

Internet

Debt

Nothing

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

A debit card is paid by or linked to your...

Pet fish

Savings account

Budget

Checking account

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