Financial Literacy Quiz
Authored by hansika kantheti
Education
1st - 5th Grade
Used 3+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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