8th Financial Literacy Quiz

8th Financial Literacy Quiz

8th Grade

23 Qs

quiz-placeholder

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8th Financial Literacy Quiz

8th Financial Literacy Quiz

Assessment

Quiz

Professional Development

8th Grade

Medium

Created by

Anthony Ramirez

Used 9+ times

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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

James is considering different options to improve his employability after high school. Which of the following should he choose?

Watching movies

Attending a trade school

Buying a car

Taking a vacation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary difference between a loan and a scholarship?

A loan must be repaid, while a scholarship does not

A scholarship is only for athletes

Loans are awarded based on need, scholarships are not

Scholarships charge interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is typically a fixed cost in a household budget?

Mortgage payment

Dining out

Utility bills

Travel expenses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a short-term financial objective?

Setting aside money for a weekend getaway

Investing in a retirement fund

Purchasing a car in 8 years

Opening a restaurant in 6 years

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does obtaining a higher education degree impact job prospects?

It guarantees immediate employment

It equips individuals with specialized skills and knowledge

It removes all job market competition

It automatically leads to managerial positions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of including savings in your financial plan?

To increase your monthly expenses

To align with long-term financial goals

To reduce your income tax

To allow for unlimited spending

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does advertising play in shaping consumer preferences?

It guarantees the lowest prices

It influences through emotional appeal

It provides unbiased product reviews

It removes the need for personal judgment

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