Financial Lit 3A - 2023

Quiz
•
Business
•
9th - 12th Grade
•
Easy
Amanda Krueger
Used 15+ times
FREE Resource
29 questions
Show all answers
1.
DRAG AND DROP QUESTION
1 min • 1 pt
At your job, you earn $3,000. After federal and state taxes, Social Security, and Medicare are deducted, your take-home pay is $2,500.
Therefore, your gross pay is (a) and your net pay is (b) .
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the best choice for reducing the amount of money you spend on food?
cooking your own meals at home
drinking more coffee so you are less hungry
eat more snacks on the go and cook less at home
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which expense is considered a variable in someone's monthly budget?
electricity bill
rent
car insurance premium
student loan payment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is considered "paying yourself first"?
put some of your paycheck into a savings account before you start spending
wait until the end of the month to see how much money you have left over to save
become self-employed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Historically, which earns higher returns?
savings accounts
stock market investments
6.
MATCH QUESTION
1 min • 1 pt
You have a savings plan for future purchase goals. Match the goal with the purchase.
college tuition
short-term goal
a new cell phone
mid-term goal
buy a house
long-term goal
7.
DRAG AND DROP QUESTION
1 min • 1 pt
Experts recommend that you save enough to cover 3 to 6 (a) of expenses in your emergency fund.
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