Financial Literacy, 2022-23

Financial Literacy, 2022-23

11th Grade

30 Qs

quiz-placeholder

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Financial Literacy, 2022-23

Financial Literacy, 2022-23

Assessment

Quiz

Life Skills

11th Grade

Medium

Created by

Christopher Volk

Used 11+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Being on a Budget means.....

You are earning enough money to live well

You pay your bills on time every month

You made a plan of your expenses to be less than or equal to your income

Your bills are generally paid on time every month

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What portion of your income should you budget for daily needs?

20%

30%

50%

10%

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What does it mean to have an Annual Wage?

Your income is calculated by the amount of hours you work.

Your income is calculated by the year you work.

Your Income is calculated by the months you work.

Your income is calculated by the days you work.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What does it mean to have an Hourly Wage?

Your income is calculated by the amount of hours you work.

Your income is calculated by the year you work.

Your Income is calculated by the months you work.

Your income is calculated by the days you work.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When borrowing money, like a loan, you pay back the amount with....

Interest

Debt

Inflation

Income

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a tax?

money owed after using a credit card

contribution to government revenue

a type of currency

a collection of your income for savings

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is an income?

a way to save money

the amount of tax owed

Money received from a job

a type of currency

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