Personal Finance Part 1

Personal Finance Part 1

Assessment

Quiz

Social Studies

6th - 8th Grade

Medium

Created by

Nicole Martin

Used 2+ times

FREE Resource

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that you earn from working or gain from investments.

income

credit

debt

personal finance

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is a budget?

A plan for how money will not be used

A plan for how money will be used

The amount you spend

The amount you save

3.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

What is income?

The amount you spend

The amount you don't save

Money taken in

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

paying for something with money that is borrowed and must be paid back, usually with interest

credit
income
resources
salary

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is an emergency fund?

A savings account set aside for unexpected situations.

A way to invest for retirement.

Something most people don't need, because emergencies are rare.

An investment account that can grow over time.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is debt?

Money you have borrowed and need to pay back

Money you make from working at a job

Money you make from the government

Taxes that you pay when you buy something

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Everyone makes choices about how to manage his or her money/income from a job. This is also known as what?

Personal Finance
Government
Civics
Geography

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