Chapter 1 Financial Literacy Quiz

Chapter 1 Financial Literacy Quiz

12th Grade

35 Qs

quiz-placeholder

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Chapter 1 Financial Literacy Quiz

Chapter 1 Financial Literacy Quiz

Assessment

Quiz

Other

12th Grade

Practice Problem

Easy

Created by

Kryszaina Donayre

Used 3+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The possessions of a body of financial knowledge, a set of basic skills and the ability to apply knowledge and skills to making informed, responsible financial choices.


Financial planning

Financial literacy

Value System

Needs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the process of setting financial goals and developing plans to reach them while meeting financial needs

Wants

Consumer

Personal Financial Planning

Value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an overview of an individual’s current financial position and strategies to meet future financial aspirations


Ethics

Cost-benefit analysis

Financial plan

Needs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the overall structure of values and goals that guides a person’s behavior and provides a sense of direction in life

Technology

Value System

Ethics

Priority

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

is the value of the option you gave up


Opportunity cost

Marginal cost

Trade off

Technology

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

is a period of rising prices


Inflation

Goal

Demographics

Recession

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

having the ability to understand basic topics related to finance such as wisely making, spending, and saving money


Financial competence

Financial plan

Financial literacy

Personal financial planning

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