WorksheetsFinancial Literacy Quiz Review 2 EDITED
Total questions: 20
Worksheet time: 16mins
Mrs. Fanning was able to pay all of her bills with the money she was earning. This means she had a -
balanced budget
net income
gross income
property bill
What are two benefits to saving money at a depository institution?
Pay fees and earn interest
Insured against loss and earn interest
Pay fees and lose money
Why is it important to set financial goals?
So you can spend all the money you want.
To identify and focus on items that are important.
So you don't have to focus on items that are important.
Sara was asked to babysit several times during the past week and earned $135. On Saturday, she went to the credit union where she has a savings account to deposit money into her account. Because she is using the "Pay Yourself First" strategy to save 10% of her money, she will deposit $________.
$1.35
$135.00
$13.50
$0.14
Which of the following influence values? Check all that apply.
friends & family
religion
culture
media
Why is it difficult to prioritize paying for needs over wants?
It is hard to resist temptation.
It is sometimes hard to distinguish between needs and wants.
The immediate gratification of getting something "NOW" that I want is often difficult to resist.
All of these statements are correct.
A Trade-off is
a purchase in a marketplace.
an alternative that we sacrifice when we make a decision.
any good or service a consumer needs.
a factor of production.
Which of the following statements is true?
The less money you borrow from a bank, the more interest you pay
The more money you have in the bak, the less interest you accumulate
The more money you borrow from a bank, the less interest you pay
The more money you have in the bank, the more interest you accumulate
Which of the following is considered a "need"
Food
Pizza
Gatorade
Fruit
