Financial Literacy Intro Assessment

Financial Literacy Intro Assessment

6th - 8th Grade

35 Qs

quiz-placeholder

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Financial Literacy Intro Assessment

Financial Literacy Intro Assessment

Assessment

Quiz

Business

6th - 8th Grade

Medium

Created by

Latonya Wiley

Used 7+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is financial literacy?

Understanding how to play sports

The knowledge to make informed financial decisions

Knowing the history of different currencies

Learning how to write checks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a key component of financial literacy?

Budgeting

Saving

Investing

Gossiping

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can being financially literate help an individual?

It increases financial security

It decreases the need for education

It eliminates the need for savings

It guarantees getting a job

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A list of friends

A plan for managing income and expenses

A type of bank account

A score for your financial habits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does saving money mean?

Spending all your income

Keeping a portion of your income for future needs

Donating all your income to charity

Investing only in stocks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to learn about investing?

To make quick money without risks

To grow your wealth over time

To spend all your savings

To avoid financial responsibility

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of these outcomes become more likely for someone with strong personal finance skills? Check all that apply.

A person can avoid opportunity cost.

A person can be more prepared to meet basic needs.

A person can avoid financial decision-making

A person can spend money thoughtfully to accumulate assets.

A person can spend wisely to avoid financial problems.

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