Mastering Financial Literacy

Mastering Financial Literacy

11th Grade

10 Qs

quiz-placeholder

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Mastering Financial Literacy

Mastering Financial Literacy

Assessment

Quiz

Financial Education

11th Grade

Hard

Created by

Dionis Catanoi

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of a budget?

To focus solely on personal savings without any planning.

The primary purpose of a budget is to plan and control financial resources.

To eliminate all financial records and reports.

To increase overall spending without limits.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which investment is considered the least risky?

Corporate bonds from high-risk companies

Stocks in emerging markets

Real estate investment trusts (REITs)

U.S. Treasury bonds

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of personal finance management?

To avoid all forms of debt completely.

To achieve financial stability and meet personal financial goals.

To invest in high-risk stocks only.

To save as much money as possible without a plan.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common strategy for paying off debt?

Paying only the minimum balance

Ignoring the debt

Taking out a new loan to cover old debt

Debt snowball method

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much should you ideally save for an emergency fund?

3 to 6 months of living expenses

Only what is left after monthly expenses

1 to 2 months of living expenses

12 months of living expenses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a zero-based budget?

A zero-based budget is a method where expenses exceed income.

A zero-based budget is a plan that allows for unlimited spending.

A zero-based budget is a system that tracks only fixed expenses.

A zero-based budget is a budgeting method where income minus expenses equals zero.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of diversifying investments?

Diversifying investments helps reduce risk and improve potential returns.

Diversifying investments eliminates all financial risks.

Diversifying investments guarantees higher profits.

Diversifying investments is only beneficial for large portfolios.

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