Understanding Personal Financial Literacy

Understanding Personal Financial Literacy

6th - 10th Grade

10 Qs

quiz-placeholder

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Understanding Personal Financial Literacy

Understanding Personal Financial Literacy

Assessment

Interactive Video

Mathematics

6th - 10th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, 6.RP.A.3B, 6.RP.A.3C

Standards-aligned

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate the sales tax on an item?

Subtract the tax rate from the item's price

Add the tax rate to the item's price

Divide the item's price by the tax rate

Multiply the tax rate by the item's price in decimal form

Tags

CCSS.6.RP.A.3B

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which store offers a better discount for a computer priced at $950?

Cannot be determined without the original prices

Store A with 20% off

Store B with 25% off

Both offer the same discount

Tags

CCSS.6.RP.A.3C

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of a sales rebate on the total purchase price?

Increases the price

Varies depending on the product

Decreases the price

No effect

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the annual income required to meet a monthly budget of $4000?

$52,000

$40,000

$44,000

$48,000

Tags

CCSS.6.RP.A.3B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of the monthly budget is spent on transportation if the budget is $4000 and $400 is spent on transportation?

10%

5%

15%

20%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a budget help a family to do?

Track their liabilities

Increase their net worth

Manage their expenses

Calculate their interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate net worth?

Subtract your liabilities from your assets

Add your assets and liabilities

Divide your assets by your liabilities

Multiply your assets by your liabilities

Tags

CCSS.7.RP.A.3

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