EVERFI: Financial Literacy® for High School Terms

EVERFI: Financial Literacy® for High School Terms

10th Grade

60 Qs

quiz-placeholder

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EVERFI: Financial Literacy® for High School Terms

EVERFI: Financial Literacy® for High School Terms

Assessment

Quiz

Information Technology (IT)

10th Grade

Medium

Created by

BYRONELLE WILLIAMS

Used 2+ times

FREE Resource

60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of the 50-30-20 Method?

A type of insurance purchased by vehicle owners

A budgeting method that allows an individual to spend 50 percent on needs, 30 percent on wants, and 20 percent on savings.

A plan for income and expenses during a set period.

An account into which a sum of money is deposited for a specified length of time.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term matches the following definition? 'A type of insurance purchased by vehicle owners to protect them against financial loss in the event of an accident or theft.'

Auto insurance

Bank

Budget

Check

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A for-profit financial institution that is federally licensed to receive deposits and issue loans is called a ________.

Bank

Credit Union

Insurance Company

Brokerage Firm

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any perk offered to an employee in addition to a salary is known as:

Budget

Benefits

Cash

Career

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of insurance that helps pay for someone else's emergency services and medical care if the person causes a car accident is called ________.

Bodily injury liability

Collision coverage

Comprehensive insurance

Personal injury protection

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A plan for income and expenses during a set period is called a ________.

Budget

Invoice

Receipt

Contract

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An account into which a sum of money is deposited for a specified length of time, typically paying higher interest rates than standard savings and checking accounts, is called a ________.

Certificate Of Deposit (CD)

Money Market Account

Savings Bond

Checking Account

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