QUIZS - Financial Literacy Test

QUIZS - Financial Literacy Test

10th Grade

20 Qs

quiz-placeholder

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QUIZS - Financial Literacy Test

QUIZS - Financial Literacy Test

Assessment

Quiz

Other

10th Grade

Easy

Created by

Quizizz Content

Used 3+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account type typically offers higher interest than a savings account but requires money to be left untouched for a fixed term?

Traditional Savings Account

Money Market Account

Certificate of Deposit (CD)

Checking Account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a restaurant tip?

A discount on the bill

A customary extra cost beyond tax

A fee for service

A penalty for late payment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does PMI stand for in the context of mortgages?

Personal Mortgage Insurance

Private Mortgage Insurance

Public Mortgage Insurance

Premium Mortgage Insurance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a breach of contract imply?

One party fulfills all obligations

One party fails to fulfill obligations

Both parties agree to new terms

Contract is renewed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a safer investment with a lower return?

Stocks

Commodities

Bonds

ETF/Mutual Funds

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of payday lenders?

Low interest rates

High interest, often criticized for targeting vulnerable groups

Member-owned, offer better rates

For those with bank accounts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of a credit score?

Determines eligibility for government benefits

Affects ability to get loans

Influences car insurance rates

Sets the interest rate for savings accounts

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