Financial Planning

Financial Planning

12th Grade

7 Qs

quiz-placeholder

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Financial Planning

Financial Planning

Assessment

Passage

Life Skills

12th Grade

Medium

Created by

Edgardo Ramos

Used 2+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a need?

Recreational toys

A pair of expensive sneakers

A new video game

Something that is a necessity for survival

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a want?

A new pair of rollerblades

Food

Basic clothing

Water

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is financial literacy?

The process of making a lot of money

Understanding and effectively using various financial skills

Knowing how to save money only

The ability to play financial games

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is opportunity cost?

The cost of missing out on the option not chosen

The benefit of choosing the cheapest option

The cost of the most expensive option

The total cost of all available options

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much money has Frankie earned from mowing her neighbor's lawn and running her own lemonade stand?

$85

$65

$20

$45

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What dilemma does Frankie face?

Deciding whether to save or spend all her money

Choosing between buying a new video game or a movie ticket

Deciding between two types of rollerblades

Choosing between buying rollerblades on sale or going to the movies with friends

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should Frankie do according to the text?

Ask her grandmother for more money

Decide what works best for her considering her values and desires

Buy the rollerblades without hesitation

Go to the movie without considering the rollerblades