Mastering Money Matters Quiz

Mastering Money Matters Quiz

11th Grade

14 Qs

quiz-placeholder

Similar activities

5B: Importance of Property & Liability Insurance

5B: Importance of Property & Liability Insurance

9th Grade - University

10 Qs

5A: Identify common types of risks and basic risk man

5A: Identify common types of risks and basic risk man

9th Grade - University

10 Qs

NGPF Saving

NGPF Saving

9th Grade - University

15 Qs

PLAY: Tax Avoidance or Evasion?

PLAY: Tax Avoidance or Evasion?

9th - 12th Grade

10 Qs

PF 7.3 Auto Loans & Mortgages

PF 7.3 Auto Loans & Mortgages

9th - 12th Grade

11 Qs

Types of Taxes Review

Types of Taxes Review

9th - 12th Grade

13 Qs

Financial Regulatory Agencies Quiz

Financial Regulatory Agencies Quiz

11th Grade

10 Qs

Savings Test Reveiw

Savings Test Reveiw

9th - 12th Grade

18 Qs

Mastering Money Matters Quiz

Mastering Money Matters Quiz

Assessment

Quiz

Financial Education

11th Grade

Medium

Created by

Jane Field

Used 1+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Benjamin is saving money in a bank account. What is the primary benefit of compound interest in his saving and investment strategies?

It provides a fixed return on investment.

It allows interest to be earned on both the initial principal and the accumulated interest.

It guarantees a high return regardless of market conditions.

It eliminates the risk of losing money.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key component of effective budgeting?

Spending more than you earn.

Ignoring unexpected expenses.

Tracking income and expenses regularly.

Only saving money when convenient.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Priya is planning to buy a car and needs a loan. What is the main purpose of her credit score in this situation?

To determine her annual income.

To assess her ability to repay borrowed money.

To calculate her monthly expenses.

To evaluate her savings potential.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

William recently visited a hospital for a routine check-up. Which type of insurance policy would specifically cover his medical expenses?

Life insurance

Home insurance

Health insurance

Car insurance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Evie recently started her first job and received her payslip. She noticed a deduction labeled 'National Insurance'. What is the primary function of National Insurance in the UK?

To fund public education.

To provide financial support for the unemployed.

To contribute to state benefits and the NHS.

To pay for road maintenance.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lily just received her monthly salary in the UK. Which of the following is a tax that is typically deducted from her salary?

Value Added Tax (VAT)

Corporation Tax

Income Tax

Capital Gains Tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Isabella and Oliver are planning their investments. What is the main advantage of them having a diversified investment portfolio?

It guarantees a profit.

It reduces risk by spreading investments across different assets.

It focuses all investments in one sector.

It eliminates the need for financial advice.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?