$park financial literacy quiz

$park financial literacy quiz

9th - 12th Grade

20 Qs

quiz-placeholder

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$park financial literacy quiz

$park financial literacy quiz

Assessment

Quiz

Education

9th - 12th Grade

Practice Problem

Medium

Created by

Sophie D

Used 5+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a long-term expense?

Coffee

Clothes

Gas for your car

College tuition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bob has $3,000 in his savings account, with an APY of 1%. If he doesn't take any money out, how much money will be in his account in 1 year?

$3,033

$3,030

$3,300

$3,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of bank account is best for storing money for day-to-day use?

Savings account

High-yield savings account

Brokerage account

Checking account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not true about debt?

It's best to avoid debt whenever possible

Student loans are an example of debt

Credit cards are an example of debt

All debt is bad

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

The minimum money required to open up a savings account

A plan that tracks sources of income and spending

A limit on credit card spending that can't be exceeded

A plan that only tracks long-term expenses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bob earns $16 per hour at Walmart. What purchase will most likely put him in debt?

5 packs of pokemon cards

Boba

3 large bags of Halloween candy

Bitcoin mining rig

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a share?

The total value of a company

The money you earn from holding a stock

A fraction of a company that you can buy/own

A portion of the CEO's paycheck

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