Financial Literacy Review
Quiz
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+14
Standards-aligned
Erin Gaeta
Used 24+ times
FREE Resource
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41 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A budget can help you reach a final goal by
Showing you how you can earn more income
Allowing you to see where you can cut back on spending
Giving you tools to change your fixed expenses
All of the answers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money in your emergency fund could be wisely used
to pay for a vacation
to pay a down payment on a new car
to pay for an unforseen health expense
All of the answers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A value can be described as:
Something basic for your survival
Something you desire to make your lie more comfortable
A willingness to give up something now in exchange for a future benefit
A belief or idea you consider important or desirable
Tags
CCSS.RI. 9-10.9
CCSS.RI.11-12.9
CCSS.RL.11-12.2
CCSS.RL.8.2
CCSS.RL.9-10.2
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Overdraft protection on a checking account
Is always a free service provided by banks
Is like a credit card you don't use until your checking account balance gets below a zero balance
Is always a waste of money because people don't bounce checks anymore
Should be bought by everyone, even if they always keep a significant amount of money in their account.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identity theft is important to be aware of because once your identity is stolen:
You must pay for all of the purchases that were made on your account that you didn't make
It is impossible for you to ever have a good credit rating again
It can be fraudulently sold, and other people can use your credit rating to obtain credit cards and loans in your name
All of the answers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The basic rule of a risk to return relationship in investing is that the
Lower the risk, the higher the rate of return
Higher the risk, the higher the rate of return
Higher the risk, the lower the rate of return
Risks and returns on investments are not related
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Zero liability credit card protections means
If you are unable to pay your credit card bill one month during a year, you can pay $0 and you will not be charged a fee for not making your monthly credit card payment
Only members of your family are authorized to make purchases using your credit card
There is no limit on the cost of purchases you can charge to your credit card account each month
You are not responsible for fraudulent charges to your credit card account (purchases you didn't authorize)
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