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Financial Literacy Quiz

Authored by Jillian Stine

Financial Education

8th Grade

Financial Literacy Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the management of an individual's or family's money and financial decisions called?

Savings

Spending

Personal Finance

Investing

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What term describes money set aside for future use or emergencies?

Borrowing

Savings

Taxes

Credit

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the act of using money to buy goods or services?

Investing

Budgeting

Spending

Giving

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the ability to borrow money or access goods or services with the understanding that you'll pay later?

Investing

Credit

Budgeting

Giving

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is taking money with the promise to repay it, often with interest, called?

Borrowing

Spending

Saving

Investing

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an example of taxes?

Sales tax added to purchases

Donating to a local food bank

Putting money into a savings account

Borrowing money from a bank

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an example of borrowing?

Getting a loan from a bank to buy a car

Donating money to a charity

Planning a monthly budget

Buying stocks in a company

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