
Financial Literacy Quiz
Authored by Abbey Knowlton
Other
12th Grade
Used 2+ times

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21 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Label all terms below as 'assets' or 'liabilities'. The terms to be labeled are: Medical Bills, House, Car, Credit card balance, Company Stock, Co-signed loan, College Loans, Inheritance, Savings account, RV loans.
Evaluate responses using AI:
OFF
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
An item that an individual or business owns that can be sold to generate cash quickly is called ____.
3.
OPEN ENDED QUESTION
3 mins • 1 pt
Income that an individual or business is expected to receive for products or services are ____.
Evaluate responses using AI:
OFF
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Money owed on a product, service or good is called ____.
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
3 mins • 1 pt
Bills that are owed to businesses or individuals within the next operating year are called ____.
Evaluate responses using AI:
OFF
6.
OPEN ENDED QUESTION
3 mins • 1 pt
Items that must be paid within the next year are called ____.
Evaluate responses using AI:
OFF
7.
OPEN ENDED QUESTION
3 mins • 1 pt
Products and inventory an individual or business owns that will be used for more than one calendar year are called ____.
Evaluate responses using AI:
OFF
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