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Financial Literacy Quiz

Authored by Skylar Addison

Business

8th Grade

Used 5+ times

Financial Literacy Quiz
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an estimate of income and expenses for a set period of time called?

Cash flow

Budget

Expense

Income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes the total amount of money being transferred into and out of a business or household?

Depreciation

Gross income

Cash flow

Fixed expense

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is a person that purchases goods and services for personal use?

Financial advisor

Consumer

Dependent

Cost comparison

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process by which business decisions are analyzed, and the benefits and costs are compared?

Cost benefit analysis

Creditworthy

Depreciation

Expense

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process of comparing the price of different products or services?

Budget

Cost comparison

Cash flow

Income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes someone financially sound enough to justify the extension of credit?

Dependent

Creditworthy

Financial advisor

Gross income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is a person that relies on another, especially for financial support?

Consumer

Dependent

Financial advisor

Budget

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