Chapter 1 Test

Chapter 1 Test

8th Grade

21 Qs

quiz-placeholder

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Chapter 1 Test

Chapter 1 Test

Assessment

Quiz

Financial Education

8th Grade

Easy

Created by

Valerie McDonald

Used 9+ times

FREE Resource

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal?

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You should always make sure you have a ______________

Credit Card

Direct Deposit

Financial Plan

Line of Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To gain an understanding of your personal finances, you should know ______

Your financial goals

How much net income you have

How much net income you have

Your goals & Where you stand financially

Your investment portfolio

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Last Foundation?

Get out of debt and stary out of debt.

Save $500 for an emergency

Pay cash for college

Be generous

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Being a Spender has many more POSITIVES than being a Saver

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Personal Finance is all the financial decisions a _____________must make in order to earn, budget, save, spend, and give generously.

Family and individual

Company and Organization

Individual or Company

Bank

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Avoiding debt can lead to financial freedom and hope.

True

False

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