Understanding Personal Finance Decisions

Understanding Personal Finance Decisions

8th Grade

14 Qs

quiz-placeholder

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Understanding Personal Finance Decisions

Understanding Personal Finance Decisions

Assessment

Quiz

Education

8th Grade

Practice Problem

Medium

DOK Level 1: Recall, DOK Level 3: Strategic Thinking, DOK Level 2: Skill/Concept

Standards-aligned

Created by

Kevin Kaufman

Used 23+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the primary purpose of a checking account?

To earn high interest

To manage daily transactions

To invest in stocks

To save for retirement

Tags

DOK Level 1: Recall

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the unit price of a 6-pack of soda that sells for $12?

$6

$2

$1

$3

Tags

DOK Level 1: Recall

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How can comparison shopping benefit you when making a purchasing decision?

It helps you find the lowest price

It guarantees the best quality

It ensures you buy the most popular brand

It allows you to avoid taxes

Tags

DOK Level 2: Skill/Concept

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which factor is most likely to influence your financial decision-making process?

Peer pressure

Weather conditions

Time of day

Color of the product

Tags

DOK Level 3: Strategic Thinking

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Why is it important to have financial goals for the future?

To ensure you spend all your money

To guide your saving and spending decisions

To avoid paying taxes

To impress others

Tags

DOK Level 3: Strategic Thinking

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the risk associated with using peer-to-peer payment apps?

High transaction fees

Potential for fraud

Limited availability

Slow processing times

Tags

DOK Level 2: Skill/Concept

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How do you deposit money into a checking account?

By writing a check

By using a deposit slip at a bank

By withdrawing cash from an ATM

By using a credit card

Tags

DOK Level 1: Recall

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