Budgeting Basics Quiz
9th Grade
•10 Qs
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Budgeting Basics Quiz
Quiz
•
Financial Education
•
9th Grade
•
Easy
Standards-aligned
Latrise Mcafee
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key component of creating a personal budget?
Ignoring monthly income
Tracking expenses
Spending without limits
Avoiding savings
Tags
DOK Level 2: Skill/Concept
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit score primarily used for?
Determining your age
Assessing your creditworthiness
Calculating your taxes
Measuring your income
Tags
DOK Level 2: Skill/Concept
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a common feature of credit cards?
Fixed interest rates
Grace period for payments
Unlimited credit limit
No need for repayment
Tags
DOK Level 2: Skill/Concept
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When budgeting for daily expenses, which of the following should you consider first?
Entertainment costs
Essential living expenses
Luxury items
Travel plans
Tags
DOK Level 2: Skill/Concept
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of loan is typically used to purchase a home?
Personal loan
Auto loan
Mortgage loan
Student loan
Tags
DOK Level 2: Skill/Concept
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the interest rate on a credit card usually expressed?
As a fixed amount
As a percentage of the balance
As a flat fee
As a monthly charge
Tags
DOK Level 2: Skill/Concept
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following actions can help improve your credit score?
Missing payments
Keeping credit card balances low
Applying for multiple credit cards at once
Ignoring credit reports
Tags
DOK Level 2: Skill/Concept
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