Financial Literacy Quiz

Financial Literacy Quiz

9th Grade

15 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Financial Education

9th Grade

Medium

Created by

Bassant Elassal

Used 8+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between gross income and net income?

Gross income is revenue after expenses; net income is total revenue.

Gross income is total revenue; net income is revenue after all expenses are deducted.

Gross income includes passive income; net income does not.

Gross income is net income minus variable expenses.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an example of a fixed expense?

Rent

Salaries

Raw materials

Insurance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to create an emergency fund as part of a financial plan?

To invest in long-term projects

To cover regular monthly expenses

To have funds available for unexpected situations

To allocate for marketing campaigns

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does positive cash flow mean for a business?

The business is experiencing higher expenses than revenue.

The business is paying off debts faster than expected.

The business has more cash coming in than going out.

The business is generating cash only through loans.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

List two strategies a business can use to optimize cash flow and explain why they are effective.

Increase expenses and reduce sales

Delay payments and increase inventory

Speed up receivables and manage payables

Invest in long-term assets and reduce marketing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the importance of setting SMART goals in financial planning.

They are vague and hard to measure.

They provide a clear and structured approach.

They focus only on short-term gains.

They are irrelevant to financial success.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An investment portfolio should only include one type of asset to minimize risk.

True

False

Depends on the market

Only for short-term investments

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