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Personal Finance Quiz

Authored by Kathryn Neighbors

Social Studies

6th Grade

Personal Finance Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for money received from work, investments, or other financial support?

Loan

Debt

Income

Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the lowest wage permitted by law in the U.S.?

$9.00 an hour

$8.50 an hour

$7.25 an hour

$10.00 an hour

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a commission?

A fixed salary

A type of tax

A loan of money

Money earned as a percentage of a sale or service

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a mortgage?

A credit card

A type of investment

A house payment

A savings account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A type of loan

A credit score

A plan for spending and saving one’s income

A financial obligation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are expenses?

Money set aside for later use

Financial obligations, such as bills

A type of income

A form of investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of savings?

Money owed

A loan of money

Money set aside for later use or in case of emergencies

A type of credit

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