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WorksheetsVAULT (EverFi) Final Assessment
Total questions: 88
Worksheet time: 15mins
Name
Class
Date
1.
Where can people go for information about money?
a)
Family Members
b)
Banks
c)
Financial Advisors
d)
All choices
2.
Which of the following is an example of a need for most people?
a)
A place to live
b)
A nice car
c)
Designer jeans
3.
What type of personal information should people keep private?
a)
Social Security number
b)
name of favorite restaurant
c)
name of favorite song
4.
The best way to achieve a short-term money goal is to:
a)
Create saving plans and stick to it
b)
Spend all your money
c)
Throw out your piggy bank
5.
To be responsible with their money, young people can do what?
a)
Track their spending
b)
Save their money
c)
Stick to goals
d)
All choices
6.
It's important to spend money on things you need before spending money on things you want.
a)
True
b)
False
7.
People can be responsible with their money by spending all their money at one time.
a)
True
b)
False
8.
It's okay to give your social security number and email password to anyone who asks for it.
a)
True
b)
False
9.
Savings plans can be used to help people achieve short-term money goals.
a)
True
b)
False
10.
Which of the following is an example of a need for most people?
a)
Nail polish
b)
Nutritious Food
c)
A basketball
11.
Where is a good place to go for information about money?
a)
A mall
b)
A bank
c)
A restaurant
12.
Which of the following is an example of a want for most people?
a)
A warm jacket
b)
Transportation
c)
Ice cream
13.
It is helpful to hear about adults' experiences and advice about money because it will help you decide how to spend wisely.
a)
True
b)
False
14.
How can young people be responsible with their money?
a)
Track spending
b)
Save money
c)
Set goals
d)
All choices
15.
What are some ways people can receive money?
a)
Wages
b)
Salary
c)
Money gifts
d)
All choices
16.
People who earn paychecks pay income taxes to the government.
a)
True
b)
False
17.
A teacher is a good career choice if you enjoy helping sick people.
a)
True
b)
False
18.
Which is an example of an entrepreneur?
a)
A fireman
b)
A person who owns a hat business
c)
A teacher
d)
All choices
19.
A salary is paid over a set period of time.
a)
True
b)
False
20.
People who are paid by the hour earn a salary.
a)
True
b)
False
21.
What kind of tax do people pay on things they own, like a house or a boat?
a)
Property tax
b)
Sales tax
c)
Income tax
22.
Sales tax are the same no matter where you live.
a)
True
b)
False
23.
You should pursue a career based on your interests and talents.
a)
True
b)
False
24.
A person who works part-time for a wage gets paid for sick time.
a)
True
b)
False
25.
Other than a wage or salary, what is another example of income?
a)
Candy
b)
Money gifts
c)
Credit Cards
26.
An entrepreneur is a person who owns a business.
a)
True
b)
False
27.
A person your age can earn money by raking leaves for a neighbor or washing cars.
a)
True
b)
False
28.
A veterinarian would be a good choice for someone who loves art.
a)
True
b)
False
29.
Governments use taxes to fund roads, parks, and schools.
a)
True
b)
False
30.
You can make a plan for spending and saving by writing down a list of all the things you want.
a)
True
b)
False
31.
Paying with a ______ _____ takes cash of your checking account.
a)
Credit card
b)
Debit Card
c)
Gift Card
32.
What's the best way to know if you are getting a good deal on what you're buying?
a)
Return policy
b)
Compare prices
c)
Ask Friends
33.
Which is an example of a charitable organization?
a)
Clothing Store
b)
Police station
c)
Food bank
34.
Which is an example of a household asset, or something a person owns that has value?
a)
Jewelry
b)
Clothes
c)
Toaster
35.
One way to make sure you have enough money to cover your needs and wants is to create a ______.
a)
budget
b)
wish list
c)
checking account
36.
Food, heat, cable, internet, and dog food are examples of what?
a)
Household assets
b)
Household income
c)
Household expenses
37.
Which is an example of a financial institution?
a)
Bank
b)
Credit Union
c)
Brokerage firm
d)
All choices
38.
Which of the following is an example of peer pressure?
a)
Buying something you want
b)
Buying something you need
c)
Buying something that your friends tell you to buy
39.
What is the best reason to buy something?
a)
Because you want it
b)
Because it's in style
c)
Because you need it
40.
Having enough money to cover all your expenses mean you have ____
a)
Debt
b)
Balanced Budget
c)
Uneven Budget
41.
If you are buying groceries at the store and want to use the cash in your bank account, you should pay with your ______
a)
Debit card
b)
Credit Cart
c)
Gift Card
d)
Cash
42.
One way to be charitable is to _______.
a)
Sell lemonade
b)
Be nice
c)
Volunteer in the community
43.
Which of the following is an example of a household asset?
a)
Car
b)
Photos
c)
Groceries
44.
How is buying with credit different than paying with cash?
a)
With credit, you don't have to pay interest
b)
With credit, you borrow money and repay later, with interest
c)
No difference
45.
Buying something with a credit card means you can make payments over time.
a)
True
b)
False
46.
Adults usually use credit to buy things that are extremely expensive, like houses or cars.
a)
True
b)
False
47.
Before letting someone borrow something, you need to know if that person is reliable and honest.
a)
True
b)
False
48.
You can be reliable when borrowing things from friends by never giving those items back.
a)
True
b)
False
49.
People should only lend things to friends who always return things on time and in good condition.
a)
True
b)
False
50.
Buying with credit means that you can pay for the things from your checking account.
a)
True
b)
False
51.
Credit is an endless supply of money.
a)
True
b)
False
52.
An adult might use credit to pay for a car, a house, and a dishwasher.
a)
True
b)
False
53.
Paying with a credit card is like taking out a loan that never has to be repaid.
a)
True
b)
False
54.
People might have a hard time getting a loan from a bank if they have not repaid other loans on time.
a)
True
b)
False
55.
Banks lend money because they have an endless amount of money.
a)
True
b)
False
56.
When lending to a friend, you should tell them when you expect the item returned.
a)
True
b)
False
57.
If you damage something you've borrowed from a friend, you should:
a)
Buy a replacement
b)
Stop talking to your friend
c)
Pretend like it didn't happen
d)
return it broken
58.
Paying for something with cash can help you avoid spending more money than you have.
a)
True
b)
False
59.
Which is an example of a household risk?
a)
A candle left burning, unattended
b)
A smelly pair of shoes
c)
An empty chair
60.
Risk to your body or your stuff are called _______
a)
Household risks
b)
Financial risks
c)
Personal risks
61.
Stopping any consequences of risks from ever happening in the first place is called exploring risks.
a)
True
b)
False
62.
People need health insurance to ensure they will never get sick.
a)
True
b)
False
63.
Healthy people don't need health insurance.
a)
True
b)
False
64.
Riding a scooter without a helmet is an example of a financial risk.
a)
True
b)
False
65.
Getting sick can cost money.
a)
True
b)
False
66.
You can protect your car from being damaged by driving safely and washing it regularly.
a)
True
b)
False
67.
Taking most of the danger or uncertainty out of a risk is __________.
a)
Avoiding a risk
b)
Controlling a risk
c)
Preventing a risk
68.
People use safety insurance to help them pay for their medical bills.
a)
True
b)
False
69.
Only people who are sick need health insurance.
a)
True
b)
False
70.
Which is an example of a safe risk?
a)
Ordering a new flavor of ice cream
b)
Keeping a candle lit in your room
c)
Not wearing a helmet when bike riding.
71.
Which activity is an example of a way that people can reduce their personal risk?
a)
Wearing sunscreen while at the beach
b)
Not spending too much time staring at the computer screen
c)
Looking both ways before crossing the road
d)
All choices
72.
Which of these is an example of a financial risk?
a)
Not wearing a seatbelt
b)
Loaning your friend money for lunch
c)
Leaving the windows open in your house while gone
73.
How can you reduce the risk of getting a cold?
a)
Having health insurance
b)
Buckling your seatbelt
c)
Getting lots of sleep and taking vitamins
74.
What is a good reason to save money?
a)
To have money to buy things
b)
To have money put aside for emergencies
c)
For a future purchase
d)
All choices
75.
Which of the following is an example of an investment that can grow in value?
a)
Checking account
b)
Stocks
c)
Loans
76.
How can people save money?
a)
Buy only things they need and save
b)
Buy things they want
c)
Close their savings account
77.
One of the benefits of savings accounts is that they gain interest.
a)
True
b)
False
78.
There is no difference between a savings account and a Certificate of Deposit (CD).
a)
True
b)
False
79.
When you save money, you are putting money aside to reach your goals.
a)
True
b)
False
80.
The best way to make the most our of your money is to create a __________.
a)
Work Chart
b)
Budget
c)
Loan
81.
Kids can cut back on their expenses by watching TV instead of going to the movies.
a)
True
b)
False
82.
An advantage to keeping your money in a savings account is that you might earn interest on your savings.
a)
True
b)
False
83.
Creating a budget helps you manage your money.
a)
True
b)
False
84.
People only use budgets to achieve long-term goals.
a)
True
b)
False
85.
A ____ is a way to invest your money in a few investment types at once.
a)
Bond
b)
Mutual Fund
c)
Stocks
86.
Which of the following is an example of an investment that can build your wealth?
a)
Stocks
b)
Checking Account
c)
Loans
87.
You can take money out of a savings account anytime you want.
a)
True
b)
False
88.
When selecting a savings account, you should look for a low interest rate and a minimum balance.
a)
True
b)
False
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