WISE Financial Literacy Review (Money, Banking, Credit)
Authored by Symone Seay
Other
10th Grade
Used 12+ times
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38 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sources of income include wages, rentals, interest, capital, profits, investments, and _________?
entrepreneurship
transportation
manufacturing
education
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an exemption (aka an allowance) and how does it work?
An allowance is used to reduce the amount of taxed income.
An allowance is a penalty added to your tax bill.
An allowance is a bonus payment from your employer.
An allowance is a fee paid to the government for tax services.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liquidity—what does it mean?
The degree of ease in which assets can be sold.
The total value of a company's assets.
The amount of profit a company makes.
The process of borrowing money from a bank.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a liquid asset?
Real estate
Savings account
Collectible art
Retirement account
5.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
Gift cards can be part of a (a) loop system or an open loop system.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Discretionary income or budget surplus is income not allocated for ________ or ________.
food or shelter
entertainment or travel
clothing or electronics
savings or investments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A money order is a payment order for a pre-specified amount of money and is purchased at different types of stores.
True
False
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