Financial Literacy Quiz

Quiz
•
Other
•
6th - 8th Grade
•
Medium
Brittany McDonald
Used 1+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for receiving money in exchange for work?
Spend
Save
Earn
Balance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "Balance" refer to in a financial context?
A plan that balances income with expenses.
The amount of money you have in your bank account.
Money that you owe.
A fee paid for the use of money.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Credit Union?
A for-profit financial institution that is generally owned by stockholders.
A personal loan that allows you to use a card to make purchases.
A nonprofit financial institution that is owned by its members and organized for their benefit.
A place that helps its members manage their money.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of "Debit card"?
A card loaded with a specific amount of money.
A paper form of payment that is used to transfer money from your checking account to a person or company.
A physical card that is connected to your checking account and used to make purchases.
Putting money into a bank account.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "Budget" mean in terms of finances?
Money that you spend.
A personal loan that allows you to use a card to make purchases.
The amount of money you have in your bank account.
A plan that balances income with expenses.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a "Prepaid card"?
A card loaded with a specific amount of money (not linked to checking or credit account).
A physical card that is connected to your checking account and used to make purchases.
A personal loan that allows you to use a card to make purchases.
A paper form of payment that is used to transfer money from your checking account to a person or company.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "Income" refer to in the context of finances?
Money that you spend.
Money that you save.
Money that you receive.
Money that you borrow.
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