Financial Literacy Quiz

Financial Literacy Quiz

12th Grade

21 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

Shauna Gartner

Used 1+ times

FREE Resource

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An average career will last approximately how many hours of your work-life of 40 years?

86,000 hours

18,000 hours

8,600 hours

32,000 hours

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FICA is deducted from your paycheck before you get it. FICA stands for ________.

Federal Insurance Contribution Act

Federal Institute of Capital Appreciation

Federal Interest Collection Act

First Interest Capitalization Association

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A health insurance program that is funded by some of your taxes and run by the federal government is known as ________.

Fed Insurance

State Farm

Allstate

Medicare

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The average Social Security payment a person currently receives per month is ________.

$1,280

less than $1,000

enough to cover 75% of their bills

28% of their monthly expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wal-Mart, which is a very successful corporation, was started by ________.

Bob Walters

Walton Sam

Sam Walton

Bob Walters

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Teenagers in America spend approximately ______ total dollars every year.

$100 million

$750 million

$175 billion

$220 billion

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Approximately how long will it take to pay off $1,000 in credit card debt if your interest rate is 18% and you only make the 'minimum payment' each month?

30 years

8 years

20 years

10 years

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