Finance 3

Finance 3

6th Grade

14 Qs

quiz-placeholder

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Finance 3

Finance 3

Assessment

Quiz

Social Studies

6th Grade

Hard

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

What is money one earns through employment?

Income

Budget

Credit

Debt

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Select the best meaning for wage / salary.

Money paid by an employer to an employee for their labor / service.

Money paid for a specific event or percent sold.

The lowest amount an employer can legally pay.

Money set aside for future use.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following describes commission?

Money paid to a person for a specific job, event, or product.

Money paid by an employer to an employee.

The lowest amount of money an employer can pay.

Money a person owes to another person.

4.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Why is budgeting important?

Create a plan for saving money.

Cover one's basic needs

To create debt

To pay extra interest.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are bills you have to pay called in finance?

Expenses

Savings

Credits

Wages

6.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

What is an advantage of saving?

You have money for emergency use

You have money for retirement

You avoid debt

It takes time to save up money.

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is a difference between Rent and Mortgage?

You can live in a house

You pay it monthly

You own it after finishing paying the agreed payments

The payments can change slightly due to taxes and demand for housing.

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