Financial Literacy

Quiz
•
Business
•
9th - 12th Grade
•
Hard
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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