Financial Literacy Quiz

Financial Literacy Quiz

Professional Development

13 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

English

Professional Development

Medium

Created by

starry luo

Used 10+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a long-term liability?

Accounts payable

Short-term loans

mortgage

Wages payable

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the definition of a current liability?

A liability that is not easily converted to cash

A liability that is expected to be paid off within a year

A liability that is not owned by the company

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A loan that a company has to repay to a bank over a period of seven years is a long-term liability.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that a company keeps in one of its bank accounts is a liability.

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a fixed asset?

Inventory

Deposit

vehicle

cash

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Money that a company has to pay to a supplier in less than a year is a long-term liability.

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a current asset?

property

vehicle

machinery

Inventory

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