Financial Literacy Quiz

Financial Literacy Quiz

7th Grade

5 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Social Studies

7th Grade

Hard

Created by

Grace L

Used 5+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of creating a budget?

To pay for big purchases

To increase income potential

To establish a credit history

To track expenses and savings

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does income come from?

Savings account

Investment portfolio

Credit card

Part-time job

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the benefits of using a credit card?

To handle unexpected situations

To build your credit score

To save money for big purchases

To increase income potential

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main benefit of saving money for unexpected events?

To pay for big purchases

To increase income potential

To establish a credit history

To have a financial safety net

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a cost of using credit?

Paying interest

Saving money for investment purposes

Building a credit history

Handling unexpected situations