FCEE Ch1 Quiz

FCEE Ch1 Quiz

10th Grade

16 Qs

quiz-placeholder

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FCEE Ch1 Quiz

FCEE Ch1 Quiz

Assessment

Quiz

Financial Education

10th Grade

Easy

Created by

Mawiyah Skinner

Used 10+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Naresh started a new job and is having some of his paycheck deposited directly into a savings account. Which of the following values BEST explains why Naresh does this on a regular basis?

Inner

Social

Physical

Financial

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You overhear your friend Ginny say, "I made a budget for myself in my personal finance class and used my values to decide how I want to use my money." What does Ginny mean by this?

Ginny used the value of her bank account balance to decide how to use her money

Ginny asked her friends and family for advice to decide how to use her money

Ginny followed recommendations she saw on social media to decide how to use her money

Ginny identified what is important to her and used that knowledge to decide how to use her money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are social values, as they pertain to money?

How you, personally, care and think about finances

How your family, friends, and community members impact your feelings about money

How companies and advertisement make you feel about money

How banks and other financial institutions treat you and your money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Behavioral economics...

Is a field of economics that studies people who make rational and objective decisions

Analyzes how different economies around the world behave over time

Tracks and examines stock market trends over a certain period of time

Combines economics and psychology to study why people behave the way they do in the real world

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The belief that our abilities are better than they actually are is an example of...

Overconfidence

Mental accounting

Hedonic adaptation

Cognitive dissonance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is TRUE about cognitive biases?

Awareness is often the first step to overcoming the influence of a cognitive bias

It is easy to recognize when cognitive biases are influencing our own decisions

There is rarely anything you can do to combat a cognitive bias’ influence

There are only a handful of cognitive biases that exist

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Andrew wants to buy a specific model of a new car. He conducts research and finds many resources that highlight the benefits of that car model. Which cognitive bias might be influencing Andrew’s decision making?

Confirmation bias

Hedonic Adaptation

The Sunk Cost Fallacy

Overconfidence

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