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Financial Literacy Quiz

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What is the term for money that is earned from work or investments?

Let's say Ron earns money from his part-time job at the Quidditch stadium. What is this type of money called?

a)

Debt

b)

Expense

c)

Income

d)

Credit

2.

Harry is looking to open a new account for his everyday transactions like paying bills and making purchases. Which type of account should he choose?

a)

Savings Account

b)

Stock Market

c)

Checking Account

d)

Personal Check

3.

After a long week of caring for magical creatures at Hogwarts, Hagrid received his payment. What is the term for the money he receives for his efforts?

a)

Salary

b)

Invest

c)

Wage

d)

Interest

4.

Ron has $500 left over after buying groceries. What term refers to this money?

a)

Income

b)

Debt

c)

Savings

d)

Spending

5.

Hey there! Can you tell me what we call the amount of money Fred earns in a year?

a)

Annually

b)

Stock

c)

Debit

d)

Credit

6.

Harry is excited to start setting aside money for future adventures. What term refers to the money a person puts aside for future use?

a)

Saving

b)

Debt

c)

Spending

d)

Income

7.

Ms. Granger borrowed some money from a friend. What is the term for the money she owes to others?

a)

Credit

b)

Income

c)

Debt

d)

Interest

8.

Ms. Hermione wants to save money for her future and earn interest. Which type of account should she open?

a)

Stock Market

b)

Savings Account

c)

Personal Check

d)

Checking Account

9.

What is the term for the money spent on magical books and supplies for Hermione, Ginny, Ron, and Hagrid?

a)

Debit

b)

Invest

c)

Expense

d)

Income

10.

Which term refers to the money Ron borrows from Gringotts Bank?

a)

Wizard

b)

Galleon

c)

Spell

d)

Quidditch

11.

What is the term for the money paid regularly for work or services in the magical world of Hogwarts?

a)

Wand

b)

Galleon

c)

Quidditch

d)

Spell

12.

Which term refers to the money spent on Butterbeer and Quidditch supplies that can vary each month?

a)

Fixed Expenses

b)

Debt

c)

Variable Expenses

d)

Income

13.

What is the term for the amount of money charged by Gringotts Bank for the use of borrowed Galleons?

a)

Stock

b)

Interest

c)

Credit

d)

Debit

14.

Harry is considering investing money in financial schemes, shares, property, or a commercial venture. What term describes this action?

a)

Income

b)

Invest

c)

Saver

d)

Savings

15.

What is the term for the money paid regularly by a company to its employees?

Let's say Ginny works at a company and receives this regularly.

a)

Salary

b)

Budget

c)

Wage

d)

Stock