What is financial literacy?
Financial Literacy Intro Assessment

Quiz
•
Business
•
6th - 8th Grade
•
Medium

Latonya Wiley
Used 7+ times
FREE Resource
35 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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