Financial Literacy U5 Quiz

Financial Literacy U5 Quiz

9th - 12th Grade

10 Qs

quiz-placeholder

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Financial Literacy U5 Quiz

Financial Literacy U5 Quiz

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Hard

Created by

Amanda Krueger

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the main purpose of a car loan?

to borrow money to buy a vehicle

to pay for vehicle maintenance an repair

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Media Image

What is important to think about when buying a car? (CHOOSE 3)

resale value

financing rate

special vehicle features and personal preferences

only shop at one dealer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When you buy a car, which affects your interest rate the most?

car color

car type

your credit score

your age

4.

MATH RESPONSE QUESTION

2 mins • 1 pt

Media Image

Janet is looking for a new apartment. Her monthly rent payment is equal to $1,000 and her annual rental insurance premium is $250. The value of her apartment is $150,000. What are her total annual costs associated with renting?

Mathematical Equivalence

ON

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What do you need before you buy a house?

down payment

insurance

a mortgage

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Media Image


When you want to buy a house, what should you evaluate? (CHOOSE 3)

house insurance

house location

property taxes

cosmetic flaws

7.

DRAG AND DROP QUESTION

1 min • 1 pt

Media Image

Over the life of a mortgage, the payment to principal ​ (a)   and the portion to interest expense ​ (b)   .

increases
decreases

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