Financial Literacy Quiz
Authored by Joseph Gomez
English
12th Grade
CCSS covered
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33 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A financial trade-off – these are things you gave up the opportunity to buy when you chose to pay the cost for something else.
Income
Savings
Opportunity cost
Loans
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Earning some amount of money through work or other means.
Passive income
Earned income
Web-only financial institutions
401k
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the money we receive as a result of our personal efforts, labor, or goods.
Shared decision-making
Financial services
Income
Earned income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is earned when we invest money around stocks, bonds, or even savings accounts; we earn dividends and interest on those investments.
Stocks
Investment income
Federal Deposit Insurance Corporation (FDIC)
Bonds
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is money individuals receive from business activities they are not actively part of.
Credit unions
Passive income
Life insurance companies
Mutual fund companies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Many families benefit from this type of consideration, which involves sharing financial decisions with two or more people who can help you negotiate and compromise.
Shared decision-making
Nondepository institutions
Check cashing businesses
401k
Tags
CCSS.RI.7.2
CCSS.RI.8.2
CCSS.RL.11-12.2
CCSS.RL.8.1
CCSS.RL.9-10.2
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial institutions that receive their money from customer deposits.
Commercial banks
Brokerage firms
Payment Services
Depository institutions
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