This type of retirement account offered by employers to their employees allows them to set aside tax-deferred income. Sometimes employers will even match the employee contribution up to a certain amount.

Financial Literacy Quiz

Quiz
•
History
•
10th Grade
•
Hard
Chris Harter
Used 1+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
mutual fund
401(k)
Roth IRA
Savings Account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This term refers to the original amount of a loan OR the original amount of money invested.
principal
interest
rebate
fixed rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is just a savings account with a slightly higher interest rate because the saver commits to a longer saving period for a set amount deposited.
CD
Money Market
Online Banking
Stocks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Term that applies to the ability to buy something now and pay for it later over a period of time (usually with having to pay a finance charge and/or the addition of interest).
savings
budgeting
profit
credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit score?
a three-digit score that tells lenders how much money you make each year.
A five-digit numerical rating that reflects how likely you are to repay your debt.
A three-digit numerical rating that reflects how likely you are to repay your debt.
A credit score is a five-digit numerical rating that reflects how likely you are to fail at paying your debts
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which budget item will most likely take up the largest percentage of your income at 25-30%?
House
Car
Insurance
Food
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key difference between a bank and a credit union?
A bank is a non-profit and a credit union is a for-profit business
A credit union is a non-profit bank and a bank is for-profit
A bank only helps businesses while a credit union helps the common people
There is no major difference between them
Create a free account and access millions of resources
Similar Resources on Quizizz
20 questions
NGPF Intro to Credit

Quiz
•
10th Grade
20 questions
Consumer Math

Quiz
•
9th - 12th Grade
21 questions
Propaganda Techniques

Quiz
•
9th - 12th Grade
15 questions
Law I Deceptive Sales Practices Vocab

Quiz
•
9th - 12th Grade
15 questions
Banks & Credit- iCivics

Quiz
•
7th - 10th Grade
16 questions
Malcolm X vs Martin Luther King Jr

Quiz
•
9th - 11th Grade
22 questions
Law I Credit Basics

Quiz
•
9th - 12th Grade
20 questions
The Great Depression Learning Check

Quiz
•
10th - 11th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for History
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
65 questions
MegaQuiz v2 2025

Quiz
•
9th - 12th Grade
10 questions
GPA Lesson

Lesson
•
9th - 12th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade