Financial Literacy Quiz

Financial Literacy Quiz

7th Grade

30 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Life Skills

7th Grade

Hard

Created by

Steve Campagnolo

FREE Resource

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget is:

spendable income

a well-written spending plan

your assets

take home pay

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To withhold more income in order to receive a larger tax refund is:

a 401k plan

a fixed asset

giving the government an interest free loan

an H & R Block plan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Spendable income is:

the amount left after withholding taxes and FICA

fixed income

clothing allowance

a spending plan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Housing should be what percentage of your budget:

80%

100%

15%

33%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An emergency fund should have how much in savings:

two weeks of spendable income

a year of FICA

two months of your 401K contributions

3-6 months of fixed income to cover your expenses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An easy way to save money without spending is to:

keep it in your checking account

place it under your mattress

ask your employer to automatically direct deposit into a savings account

give it to your best friend

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A student loan is:

an IRA

good debt

a spending plan

bad debt

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