Mastering Personal Finance Basics
Quiz
•
Social Studies
•
6th Grade
•
Practice Problem
•
Easy
Mary Ann Bruce
Used 2+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a fixed expense in a budget?
Movie tickets
Monthly rent
Eating out
Buying a new video game
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to "save" money?
To spend money on things you want
To keep money for future use
To borrow money from a friend
To pay bills
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a "need"?
Designer shoes
Cell phone games
Healthy food
Concert tickets
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit?
Money you earn from a job
Money you borrow and promise to pay back
Money you find on the street
Money you save in a piggy bank
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a financial goal?
Watching TV after school
Saving $50 to buy a new backpack
Playing video games with friends
Eating lunch at school
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A list of your favorite things
A plan for how to spend and save your money
A type of bank account
A way to borrow money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "interest" mean in personal finance?
The amount of money you borrow from a friend
The extra money you earn or pay when saving or borrowing money
The price of a new item
The total amount you spend in a month
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