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Finance Quiz 1

Authored by Nicole Eguez

Life Skills

10th Grade

Used 1+ times

Finance Quiz 1
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9 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What are the 4 parts of the Market Economy Structure?

Money, Offer and Demand, Taxes, Debt

Enterprise, Offer & Demand, Budget, Loans

Budget, Trips, Money, Cash

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An emergency fund should NOT be used for...

fixing a blown tire on your car that you use to get to work.

repairing your laptop that you use for homework.

a last-minute school trip.

a sudden health issue that needs care.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What should be considered when setting a budget?

Needs and wants

Time management goals

Savings

Needs, wants, and savings

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Making a good purchasing decision requires __________.

comparing the prices of similar items

reading reviews of the product

waiting until the product is on sale, if possible

All of the above

5.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain what Offer & Demand is in your own words

Evaluate responses using AI:

OFF

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these are steps for creating a budget?

Defining the actual financial state

Establishing objectives

Determining costs

Constantly checking the budget

All of the above

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The money that you receive every period of time is called an ______

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