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Financial Literacy

Authored by Wayground Content

Mathematics

6th Grade

Used 30+ times

Financial Literacy
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15 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What does it mean to budget?

Planning how to spend your money wisely to meet your needs and goals.

Saving all your money without spending any.

Investing in stocks and bonds only.

Spending money as quickly as possible.

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is savings?

Savings is the money that you set aside for future use, often kept in a bank account.

Savings is the amount of money you spend on daily expenses.

Savings is the money you invest in stocks and bonds.

Savings is the money you borrow from a bank.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is income?

Income is the money you earn from work, investments, or other sources.

Income is the total amount of money spent on living expenses.

Income is the money received from selling goods only.

Income is the profit made from business transactions.

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a debit card?

A payment card that allows you to spend money directly from your checking account.

A card that allows you to borrow money from a bank.

A card used exclusively for online purchases.

A type of credit card that builds your credit score.

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a credit card?

A payment card that allows you to borrow money from a bank to make purchases, which you must pay back later.

A card that provides discounts on purchases at specific stores.

A debit card that deducts money directly from your bank account.

A loyalty card that earns points for future purchases.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a check register?

A document used to track stock market investments.

A booklet used to record checking account transactions, including deposits and withdrawals.

A form for applying for a credit card.

A ledger for managing savings account balances.

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a financial literacy?

The ability to understand and effectively use various financial skills, including personal finance management.

A method of saving money for future investments.

A type of insurance that protects against financial loss.

A government program that provides financial assistance to individuals.

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