Finance Fundamentals Quiz for Year 10

Finance Fundamentals Quiz for Year 10

9th Grade

18 Qs

quiz-placeholder

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Finance Fundamentals Quiz for Year 10

Finance Fundamentals Quiz for Year 10

Assessment

Quiz

Financial Education

9th Grade

Hard

Created by

Richard Sims

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of creating a budget?

To track your spending habits

To ensure you spend more than you earn

To plan for future financial goals

To avoid paying taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a fixed expense?

Groceries

Rent

Entertainment

Clothing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main advantage of saving money in a bank account?

It earns a high interest rate

It is easily accessible and secure

It doubles your money quickly

It avoids all taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit of investing in stocks?

Guaranteed returns

Potential for high returns

No risk involved

Fixed interest rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the potential loss of money in an investment?

Reward

Risk

Interest

Dividend

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a short-term financial goal?

Buying a house

Saving for a holiday

Retirement planning

Building an emergency fund

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is compound interest?

Interest calculated on the initial principal only

Interest calculated on both the initial principal and the accumulated interest

Interest that decreases over time

Interest that is paid monthly

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