Financial Literacy Test

Financial Literacy Test

Assessment

Flashcard

Mathematics

7th Grade

Hard

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20 questions

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1.

FLASHCARD QUESTION

Front

Items that are owned by an individual

Back

assets

2.

FLASHCARD QUESTION

Front

A plan for spending

Back

budget

3.

FLASHCARD QUESTION

Front

Debts that are owed by an individual

Back

liabilities

4.

FLASHCARD QUESTION

Front

The value of one's assets minus one's liabilities

Back

net worth

5.

FLASHCARD QUESTION

Front

Final price of a T.V costing $990 with 9% sales tax?

Back

$1,079.10

6.

FLASHCARD QUESTION

Front

Mrs. Ray is buying groceries totaling $35.50 with a sales tax of 4.5%. How much will she owe?

Back

$37.10

7.

FLASHCARD QUESTION

Front

Can you have negative Net Worth?

Back

True

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