Financial Literacy Quiz

What is the definition of inflation?

• When you owe someone money

• When prices of things go up over time

• The income earned by a business over a period of time

• A share in the ownership of a company

What does credit mean in financial terms?

• When you borrow money from the bank that you will pay back at the end of the month

• The extra money you receive when putting money into a savings account

• The income earned by a business over a period of time

• A share in the ownership of a company

How is debt defined in financial literacy?

• When you owe someone money

• The money you make after selling something, and subtracting the cost of making it

• The money you receive from different sources

• A share in the ownership of a company

What is revenue?

• The income earned by a business over a period of time

• The extra money you receive when putting money into a savings account

• When prices of things go up over time

• A share in the ownership of a company

What does profit mean?

• The money you make after selling something, and subtracting the cost of making it

• The income earned by a business over a period of time

• The extra money you receive when putting money into a savings account

• A share in the ownership of a company

What is the definition of stock?

• A share in the ownership of a company

• The money you receive from different sources

• The income earned by a business over a period of time

• When prices of things go up over time

What does interest refer to in financial terms?

• The extra money you receive when putting money into a savings account

• The income earned by a business over a period of time

• When you owe someone money

• A share in the ownership of a company

How is income defined in financial literacy?

• The money you receive from different sources

• The income earned by a business over a period of time

• When prices of things go up over time

• A share in the ownership of a company

What is the term for when prices of things go up over time?

• Debt

• Inflation

• Revenue

• Profit

What is the term for the money you make after selling something, and subtracting the cost of making it?

• Credit

• Income

• Profit

• Interest