Financial Literacy Test

Front

Items that are owned by an individual

Back

assets

Front

A plan for spending

Back

budget

Front

Debts that are owed by an individual

Back

liabilities

Front

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

Back

net worth

Tags

CCSS.6.NS.C.7C

Front

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

Back

$1,079.10

Tags

CCSS.6.RP.A.3C

Front

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

Back

$37.10

Tags

CCSS.6.RP.A.3C

Front

Can you have negative Net Worth?

Back

True

Front

Bills and Loans are examples of ________?

Back

Liabilities

Front

Based on the chart above, what is the Net Worth?

Back

$34,010

Tags

CCSS.7.EE.B.3

Front

Which of the following is considered an asset? Options: credit card debt, savings, car payoff, student loan

Back

savings