Financial Literacy Review

Financial Literacy Review

9th - 12th Grade

41 Qs

quiz-placeholder

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Financial Literacy Review

Financial Literacy Review

Assessment

Quiz

Mathematics

9th - 12th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, RI. 9-10.9, RI.4.3

+14

Standards-aligned

Created by

Erin Gaeta

Used 24+ times

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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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