Financial Literacy and Personal Finance Quiz

Financial Literacy and Personal Finance Quiz

12th Grade

25 Qs

quiz-placeholder

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Financial Literacy and Personal Finance Quiz

Financial Literacy and Personal Finance Quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Kimberly A Van Horn

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a 401(k)?

A retirement savings account offered by some employers

A type of insurance policy

A type of credit card

A government bond

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered an asset?

A loan

A credit card

A debt

A house

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does an Automated Teller Machine (ATM) allow you to do?

Open a new bank account

Invest in stocks

Withdraw cash and check account balance

Apply for a loan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of a bank?

To sell insurance

To keep your money safe and provide financial services

To offer real estate services

To manufacture goods

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is bankruptcy?

A legal process for declaring inability to pay debts

A type of investment

A type of loan

A savings account

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a bond?

A type of savings account

A loan from a bank

A type of insurance

An investment where you lend money to a company or government

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is a borrower?

Someone who invests in stocks

Someone who sells goods

Someone who receives money with the expectation of repayment

Someone who lends money

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