Financial Literacy FINAL (MS)

Financial Literacy FINAL (MS)

9th - 12th Grade

12 Qs

quiz-placeholder

Similar activities

Banking

Banking

11th - 12th Grade

11 Qs

The banking system MC

The banking system MC

10th - 12th Grade

10 Qs

Chapter 3 - Savings

Chapter 3 - Savings

11th Grade

14 Qs

Unit 6 - Credit & Debt Management

Unit 6 - Credit & Debt Management

11th - 12th Grade

15 Qs

Banking

Banking

9th - 12th Grade

12 Qs

Credit Basics

Credit Basics

12th Grade

16 Qs

Chapter 8 Lesson 1 The Purpose of Banks

Chapter 8 Lesson 1 The Purpose of Banks

9th Grade

10 Qs

PF: Chapter 4 Lesson 2 Sources and Types of Credit

PF: Chapter 4 Lesson 2 Sources and Types of Credit

11th Grade

10 Qs

Financial Literacy FINAL (MS)

Financial Literacy FINAL (MS)

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Melissa Martinez

Used 2+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has the most positive impact on your credit score?

Closing all credit accounts
Ignoring credit card bills
Applying for multiple credit cards at once
Making on-time payments

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT found in your credit report?

The average age of your credit accounts

Your credit payment history

The average age of your credit accounts

Your checking account balance history

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FICO credit score range is what?

300 to 850
500 to 950
200 to 800
400 to 900

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1040 form is used for what?

Applying for a passport

Filing individual federal income tax returns. Figuring out if you owe additional taxes or if you are owed a refund.

Renewing a driver's license
Filing state income tax returns

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who will pay the LEAST interest for their purchases on their credit cards amongst these college freshmen?

The college freshman who pays off their credit card balance in full each month.
The college freshman who ignores their credit card statements.
The college freshman who uses their credit card for all purchases.
The college freshman who only pays the minimum balance each month.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is compound interest?

Compound interest is the interest calculated only on the initial principal.
Compound interest is the interest calculated on the final amount after a certain period.
Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods.
Compound interest is the interest calculated on a decreasing principal amount.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is investing in stock different from saving in a bank account?

Investing in stock offers lower returns and is safer than saving in a bank account.
Investing in stock does not involve ownership in a company.
Saving in a bank account involves ownership in a company with higher returns and risks.
Investing in stock involves ownership in a company with higher returns and risks, while saving in a bank account offers lower returns but is safer.

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?