Financial Literacy Test

Financial Literacy Test

12th Grade

23 Qs

quiz-placeholder

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Financial Literacy Test

Financial Literacy Test

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Easy

Created by

Amy Owens

Used 9+ times

FREE Resource

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23 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

A financial budget is a blueprint for the use of your money in the future.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

The gross amount of a paycheck is used to determine income on a budget.

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

In a budget, needs are listed as fixed expenses; wants are listed as variable expenses.

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Unlike a saving strategy to achieve a goal, a budget is not flexible.

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OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

People's values are reflected in how they spend their money.

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

A budget is balanced when total income equals total expenses.

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OFF

7.

OPEN ENDED QUESTION

3 mins • 1 pt

For the purpose of preparing a budget, income is considered any money you expect to receive.

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OFF

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