Personal Finance Assessment

Personal Finance Assessment

9th Grade

75 Qs

quiz-placeholder

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Personal Finance Assessment

Personal Finance Assessment

Assessment

Quiz

Computers

9th Grade

Hard

Created by

Dawn Koczon

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75 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of creating a budget?

To track your spending habits

To plan how to allocate your income

To increase your credit score

To reduce your debt

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a fixed expense in a budget?

Groceries

Rent

Entertainment

Dining out

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an emergency fund?

Money set aside for vacations

Money set aside for unexpected expenses

Money set aside for investments

Money set aside for paying off debt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended percentage of your income to save each month?

5%

10%

20%

30%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of account typically offers the highest interest rate for savings?

Checking account

Savings account

Certificate of Deposit (CD)

Money market account

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main benefit of compound interest?

It reduces your debt

It increases your savings faster over time

It lowers your monthly expenses

It improves your credit score

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a low-risk investment option?

Stocks

Bonds

Real estate

Cryptocurrency

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