Financial Literacy Quiz

Financial Literacy Quiz

12th Grade

10 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

others

12th Grade

Hard

Created by

Terry Walker

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do interest and fees impact financial aspects?

They have no impact on spending, debt, and savings.

They only affect savings.

They impact spending, debt, and savings.

They only affect debt.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should be compared in terms of interest rates, fees, penalties, costs, and benefits?

Only cash transactions

Cash, debit, payment applications, and credit card transactions

Only credit card transactions

Only debit transactions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT mentioned as a financial transaction type?

Cash

Debit

Cryptocurrency

Credit card

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of fees on financial decisions?

They have no impact

They only affect savings

They influence spending, debt, and savings

They only affect spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Do revolving credits have interest fees?

Yes

No

Sometimes

Only for secured loans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the repayment term for installment credit?

Flexible

Fixed

Variable

Adjustable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the repayment term for open credit?

Fixed

Flexible

Adjustable

Variable

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