Personal Finance Pretest

Personal Finance Pretest

Assessment

Flashcard

Social Studies

6th - 8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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40 questions

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1.

FLASHCARD QUESTION

Front

What is a savings account used for?

Back

Money you won't withdraw frequently

2.

FLASHCARD QUESTION

Front

What do you call a transaction that puts money into your account?

Back

Deposit

3.

FLASHCARD QUESTION

Front

What is a checking account used for?

Back

Paying bills, Making purchases, Daily spending

4.

FLASHCARD QUESTION

Front

What is your "net pay"?

Back

The amount you earn after the withholdings have been subtracted

5.

FLASHCARD QUESTION

Front

How many months worth of expenses should you have in your Emergency Fund?

Back

3 months

6.

FLASHCARD QUESTION

Front

What are the 3 main core categories to organize your budget plan?

Back

Needs, Wants, Savings

7.

FLASHCARD QUESTION

Front

What term do we use to refer to money that is earned?

Back

income

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