Financial Literacy Quiz 2

Financial Literacy Quiz 2

12th Grade

25 Qs

quiz-placeholder

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Financial Literacy Quiz 2

Financial Literacy Quiz 2

Assessment

Quiz

Business

12th Grade

Medium

Created by

THOMAS PICKERILL

Used 12+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What form do employers provide to their employees to report annual wages and taxes withheld?

W2

W4

1099

1040

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you start a new job, which form do you fill out to determine the amount of taxes to be withheld from your paycheck?

W2

W4

1099

1040

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the money that is taken out of your paycheck for taxes before you receive it?

Tax refund

Tax withheld

Tax deduction

Tax credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the original amount of money borrowed or invested, before any interest or earnings?

Dividend

Capital

Principle

Asset

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of bank account typically offers a higher interest rate in exchange for higher balance requirements?

Checking account

Savings account

Certificate of Deposit (CD)

Money Market Account

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the ownership interest in a company or property, which can be bought, sold, or traded as an investment?

Liability

Asset

Equity

Bond

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does APR stand for, and what does it indicate?

Annual Percentage Rate; the true cost of borrowing money including interest and fees

Average Percentage Rate; the average rate of interest over the year

Annual Principal Rate; the yearly rate at which the principal amount is paid

Adjusted Percentage Rate; the adjusted rate of interest after inflation

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