Financial Literacy Quiz

Financial Literacy Quiz

12th Grade

26 Qs

quiz-placeholder

Similar activities

PTS GANJIL B INDO KLS 8

PTS GANJIL B INDO KLS 8

12th Grade

25 Qs

Debit and Credit

Debit and Credit

12th Grade

21 Qs

Module  3.3 Review

Module 3.3 Review

11th - 12th Grade

21 Qs

GE3 week 9.3 AM Relative clauses task

GE3 week 9.3 AM Relative clauses task

11th Grade - University

22 Qs

The World Of Riddles

The World Of Riddles

4th Grade - Professional Development

22 Qs

Harry Potter

Harry Potter

KG - Professional Development

22 Qs

Dairy Cattle Disease

Dairy Cattle Disease

1st Grade - University

22 Qs

Physical fitness final review

Physical fitness final review

9th - 12th Grade

23 Qs

Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Other

12th Grade

Hard

Created by

Dylan Thammavongsa

Used 8+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Magda is going to finance her car purchase using an auto loan. Which statement below is accurate?

Her principal is the cost of the car, minus any down payment she makes

Her interest rate is the total cost she'll pay after making all of her principal and interest payments

Choosing a shorter term means it will take her longer to repay the loan

It’s likely that her monthly payment will be between 4-5% of the cost of the car

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Jaime is creating a budget for the first time and doesn’t know which to use - NET PAY or GROSS PAY. What do you tell him?

Use net pay, because it’s the total amount you’ve earned minus taxes and other deductions.

Use gross pay, because it’s the total amount you’ve earned minus any recurring bills you owe for the month.

Use net pay, because it’s the total amount you’ve earned for the month.

Use gross pay, because that is the amount that is reported to the government for taxes.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Jennifer is trying to save up for an emergency fund of $3000. Which saving strategy would likely be most effective in helping her meet her goal?

At the end of the month put any leftover money from her checking account into her savings instead

Set up a direct deposit of $75 from each paycheck to automatically get put into her savings account instead of her checking account

Wait until she's paid off all of her credit card and student loan debt, and then start saving for an emergency fund

Every month, after she's paid for rent, student loan and credit card debt, utilities, and groceries, put $50 or $100 into savings

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Super Smarts University has a sticker price of $45,000 per year. Kyle is applying there and uses their online net price calculator, which calculates a net price of $38,000 per year based on the information he is provided. He's #1 in his high school class, and he's got great SAT scores; so he's pretty sure he'll get in. How much will Kyle pay to attend?

The exact net price

Within a range of $5000 of the sticker price

$0, because he'll likely get a full ride due to his high school achievements and scores

It's impossible to know how much he'll pay until he receives his financial aid package

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Look at this image: Diagram showing the relationship between insurance premiums and deductibles. Which of these statements is TRUE regarding the relationship between insurance premiums and deductibles?

The higher the premium the higher the deductible

The lower the premium the lower the deductible

The higher the premium the lower the deductible

The price of premiums has no relationship to the price of deductibles

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following would have the most positive impact on your credit score?

Close any credit cards you're no longer using

Spend more money on each of your credit cards

Take out a car loan for $18,000 or more

Make all payments on time, and focus on paying down any credit cards that are close to their credit limits

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Zoe buys three new lipsticks from a store at the mall. Which payment method would reduce the amount of money in her checking account?

Pays with a prepaid card she loaded earlier in the month

Uses her credit card and says, "Credit" when the cashier asks, "Credit or debit?"

Uses her debit card and says, "Credit" when the cashier asks, "Credit or debit?"

Pays with cash she had in her purse

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?