Financial Literacy Quiz
Authored by Grace L
Social Studies
7th Grade
Used 5+ times
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5 questions
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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
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