Financial Literacy Quiz
Quiz
•
Fun
•
11th Grade
•
Practice Problem
•
Medium
Michaela Fischer
Used 20+ times
FREE Resource
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21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is interest?
Money paid to friends
A fee for using a bank account
Money earned on savings or paid on loans
A type of investment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit?
A form of money
A loan that you must pay back
A way to save money
A type of bank account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to invest?
To spend money on entertainment
To put money into something with the expectation of making a profit
To save money in a piggy bank
To donate money to charity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a savings account?
To spend money quickly
To save money and earn interest
To borrow money from the bank
To keep cash at home
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit of budgeting?
It restricts spending
It helps you track your income and expenses
It guarantees financial freedom
It allows you to avoid all debts
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a financial goal?
A plan to spend more money
A specific target to achieve financially
A way to spend money
A method to avoid debt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of your income is recommended to put towards necessary expenses?
10%
20%
30%
50%
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