Financial Literacy Quiz

Financial Literacy Quiz

3rd Grade

25 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Social Studies

3rd Grade

Hard

Created by

Tekayla Dixon

Used 6+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is the term for the total amount of money earned before any deductions are taken out?

Net Income

Gross Income

Salary

Paycheck

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is a sum of money placed in a bank account to accumulate interest?

Loan

Withdraw

Deposit

Debt

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is the term for money owed by one party to another?

Asset

Investment

Interest

Debt

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is the term for the amount of money that a worker is paid for their labor?

Gross Income

Paycheck

Salary

Net Income

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is the term for the money taken out of a paycheck to pay for government services and programs?

Sales Tax

Income Tax

Escrow

Inflation

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is the term for the increase in prices and fall in the purchasing value of money?

Interest

Inflation

Finance

Escrow

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is the term for the minimum pay an employer is required to pay for work performed during a given period, which cannot be reduced by agreement?

Salary

Gross Income

Minimum Wage

Net Income

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