
Financial Literacy Quiz
Quiz
•
Specialty
•
7th Grade
•
Hard
Kacie Pesak
Used 3+ times
FREE Resource
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anna would like to purchase a new mountain bike that costs $600. She only has $300 in her checking account now. Which of the following statements is true?
She can use her debit card to pay for the bike and pay off the debit card over time.
She can save up the remainder of the balance and then pay with a credit card.
She can use her debit card to pay for the bike directly from her bank account.
She can use her credit card to buy the bike now and pay it off over a period of time.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kane is comparing two different regional banks. Which of the following statements is true? • First Texas Bank charges a $7 monthly fee • Republic of Texas Bank charges 1% of the checking account balance
First Texas Bank will always be the best value.
Republic of Texas Bank will always be the best value.
If Kane typically has more than $700 in his checking account, then First Texas Bank is the best value.
If Kane typically has less than $700 in his checking account, then First Texas Bank is the best value.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A vocational school offers different tracks for different types of mechanics. Over a 20-year career, how much more will the aircraft mechanic make than the automotive mechanic?
$654,000
$436,000
$218,000
$545,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following situations does not describe the use of a credit card?
may earn rewards
can be used to build a positive credit history
allows for unlimited purchases
purchases may be subject to interest charges
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Xavier is interested in the technology field. He is considering the education required and the corresponding salary. How much more would Xavier earn if he gets his bachelor’s degree instead of his associate’s degree over a 15-year career?
$247,300
$219,900
$200,000
$195,002
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Two different banks are advertising their checking accounts. Which of the following is a better choice if the Jackson family averages about $2,200 in their checking account?
BANK OF TEXAS- $10.00 MONTHLY FEE IF YOUR ACCOUNT IS LESS THAN $3,000
MAIN STREET BANK- 1% OF YOUR MONTHLY BALANCE IF YOUR ACCOUNT IS LESS THAN $3,000
Bank of Texas
Main Street Bank
They are equally good choices
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The average salaries of three different positions are shown in the table below. Based on the information, how much more will the physician earn than the paralegal over a 15-year career?
Physician - $118,160
Accountant- $68,150
Paralegal - $49,500
$68,660
$432,400
$864,200
$1,029,900
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