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Financial Literacy Quiz

Authored by Joshua Ndungu

Professional Development

12th Grade

Financial Literacy Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of financial literacy?

Speaking multiple languages

Playing a musical instrument

Understanding how to manage your finances

Knowing how to cook

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Why is financial literacy important?

To learn how to dance

To learn how to swim

To make thoughtful decisions about money

To become a professional athlete

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of budgeting?

To travel the world

To become a movie star

To become a chef

To fix bad spending habits

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an investment?

A type of clothing

A form of transportation

An asset acquired to generate income

A type of food

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of saving?

To become a professional gamer

To become a fashion designer

To protect against financial emergencies

To buy expensive jewelry

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A type of car

A spending plan to decide how to use money

A type of computer

A type of pet

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should one understand when choosing an investment?

Return on investment, risk factor, tax consideration

How to bake a cake

How to play a sport

How to write a book

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