Financial Literacy Terms
Quiz
•
Other
•
6th Grade
•
Practice Problem
•
Easy
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things you must have to survive
Wants
Desires
Needs
Preferences
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things you would like to have to raise your standard of living
Needs
Wants
Essentials
Desires
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fee paid for the use of borrowed money
Principal
Interest
Dividend
Fee
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fee paid when you pay a bill after the due date
Late Fee
Early Payment Discount
Service Charge
Processing Fee
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money you earn. This can come from a job or investments. It is limited.
Revenue
Income
Profit
Earnings
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money earned per hour in exchange for your physical or mental labor
Salary
Wage
Commission
Bonus
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed amount of money earned per day, month, or year in exchange for your physical or mental labor
Wage
Salary
Commission
Bonus
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