Financial Literacy Quiz

Financial Literacy Quiz

10th Grade

18 Qs

quiz-placeholder

Similar activities

Roaring 20's Key Terms

Roaring 20's Key Terms

9th - 12th Grade

16 Qs

Basic Elements of Econ.:UNIT 4 TEST CH16-18

Basic Elements of Econ.:UNIT 4 TEST CH16-18

9th - 12th Grade

20 Qs

Great Depression Causes

Great Depression Causes

8th - 12th Grade

20 Qs

Fin Lit Final 1

Fin Lit Final 1

8th - 12th Grade

23 Qs

Propaganda Techniques

Propaganda Techniques

9th - 12th Grade

21 Qs

Personal Finance Review pt 1

Personal Finance Review pt 1

9th - 12th Grade

23 Qs

Malcolm X vs Martin Luther King Jr

Malcolm X vs Martin Luther King Jr

9th - 11th Grade

16 Qs

Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

History

10th Grade

Hard

Created by

Chris Harter

Used 1+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

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

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?