Finance Basics Quiz

Finance Basics Quiz

8th Grade

12 Qs

quiz-placeholder

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Finance Basics Quiz

Finance Basics Quiz

Assessment

Quiz

Computers

8th Grade

Practice Problem

Medium

DOK Level 1: Recall

Standards-aligned

Created by

David Walker

Used 3+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A plan for spending money

A type of savings account

A loan to buy a house

A credit card

Tags

DOK Level 1: Recall

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a purpose of budgeting?

To spend all your money

To plan how to use your money wisely

To borrow money from banks

To avoid paying taxes

Tags

DOK Level 1: Recall

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to save money?

To spend money on gadgets

To keep money aside for future use

To donate money

To borrow money

Tags

DOK Level 1: Recall

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to set financial goals?

To ensure you can buy everything you want immediately

To plan for financial emergencies

To make sure you spend all your money

To avoid making a budget

Tags

DOK Level 1: Recall

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a short-term financial goal?

Saving for retirement

Buying a car in 10 years

Saving for a vacation next year

Paying off a 30-year mortgage

Tags

DOK Level 1: Recall

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which strategy can help you save money?

Spending all your money at once

Ignoring your budget

Setting aside a portion of your income regularly

Borrowing money frequently

Tags

DOK Level 1: Recall

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a fixed expense in a budget?

Money spent on entertainment

Variable utility bills

Monthly rent payment

Dining out

Tags

DOK Level 1: Recall

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