Financial Literacy Quiz

Financial Literacy Quiz

8th Grade

20 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Financial Education

8th Grade

Practice Problem

Medium

Created by

Jason Watson

Used 2+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for a belief that restricts one's potential?

Capital Storage

Limiting Belief

Home Equity

Principal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the storage of financial assets?

Capital Storage

Gap Insurance

Title

Registration

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does APR stand for in financial terms?

Annual Payment Rate

Annual Percentage Rate

Annual Principal Rate

Annual Price Rate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the initial payment made when buying something on credit?

Interest

Down Payment

Principal

Title

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of insurance covers the difference between the car's value and the amount owed on it?

Life Insurance

Gap Insurance

Car Insurance

Home Equity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does MSRP stand for?

Manufacturer's Suggested Retail Price

Market Standard Retail Price

Maximum Suggested Retail Price

Minimum Standard Retail Price

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the legal document proving ownership of a property?

Title

Registration

Principal

Interest

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