SS7E10 Personal Finance and Financial Literacy

SS7E10 Personal Finance and Financial Literacy

7th Grade

18 Qs

quiz-placeholder

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SS7E10 Personal Finance and Financial Literacy

SS7E10 Personal Finance and Financial Literacy

Assessment

Quiz

Social Studies

7th Grade

Medium

Created by

Melissa Lee

Used 5+ times

FREE Resource

18 questions

Show all answers

1.

DROPDOWN QUESTION

30 sec • 5 pts

Media Image

Imagine Scarlett, Ethan, and Rohan are playing a game where they earn coins for every hour they work on their lemonade stand. This earning is called (a)   .

Taxes
Interest
Income
Credit Card

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Imagine Grace, Emma, and David are stranded on a deserted island. Which item is absolutely necessary for their survival?

Food

A boat

Movie ticket

An xbox

3.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Media Image

Imagine Luna, Evelyn, and Priya are planning a fabulous treasure hunt but they need to manage their gold coins wisely. A budget is... (select all that apply)

The total gold coins they find at the end of their adventure.

A map estimating the income (gold coins found) and expenses (gold coins spent) for their quest.

The price of the magical insurance protecting their loot for the year.

A magical tool to help them manage their treasure wisely.

4.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Imagine Kai, Aiden, and Olivia are planning a grand adventure! Why do you think they're sitting down to create a budget first? (Pick all the reasons that sound right to you!)

It can help them reach their savings goals for all the cool stuff they want or need on their journey.

It can help them make smarter choices with their money, so they have more for fun adventures.

It can help them understand their spending habits, so they can save up for a big treasure!

It can help them keep an eye on their neighbor's spending... just kidding, that's not it!

It can help them land a dream job as treasure hunters... well, maybe not, but it's a fun thought!

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

Imagine Benjamin just got his first credit card! How does it work?

Benjamin loads the card with his own money.

It's a magical card with unlimited funds and Benjamin never has to pay it back.

It's like a loan! Benjamin borrows money and pays it all back in one big party at the end of each month.

6.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Media Image

Imagine Ethan just realized he missed his credit card payment deadline! What might be the consequences of this financial faux pas? (Pick all that apply)

Interest added to his future payments

Grace decides to give Ethan silent lunch as a penalty

Olivia warns him his credit scores might go down

Extra money magically appears in his checking account

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Imagine Sophia has just opened her first savings account. What might the bank do with the money Sophia deposits?

Transform it into a magnificent sculpture in the lobby

Allow Sophia to withdraw it anytime with her shiny new debit card

Spend it on a grand party for all their customers

Use it to grant loans to other customers like Ava and Charlotte

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