Financial Literacy

Financial Literacy

9th - 12th Grade

21 Qs

quiz-placeholder

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Financial Literacy

Financial Literacy

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Kylee Sterkel

Used 9+ times

FREE Resource

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A plan for spending money

A plan for saving money

A plan for earning money

A plan for investing money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a budget?

To track income and expenses

To increase debt

To spend money impulsively

To save money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is savings?

Money spent on wants

Money spent on needs

Money set aside for future use

Money borrowed from others

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended percentage of income to save?

10%

25%

50%

75%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an emergency fund?

Money saved for vacations

Money saved for unexpected expenses

Money saved for retirement

Money saved for investments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an expense?

Money earned from investments

Money saved for future use

Money spent on wants and needs

Money borrowed from others

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is discretionary spending?

Spending on essential needs

Spending on non-essential wants

Spending on investments

Spending on debt repayment

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