Personal Finance Quiz for Yr 12

Personal Finance Quiz for Yr 12

11th - 12th Grade

30 Qs

quiz-placeholder

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Personal Finance Quiz for Yr 12

Personal Finance Quiz for Yr 12

Assessment

Quiz

Mathematics

11th - 12th Grade

Easy

Created by

Mr Otoo

Used 1+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is personal budgeting?

The process of creating a plan to spend your money

A method to save money

A way to invest in stocks

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is income tax?

Tax on the money you earn

Tax on your savings

Tax on your investments

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are common sources of income?

Salary, investments, and rental income

Only salary

Only investments

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What information can you find on a payslip?

Your earnings and deductions

Your tax code

Your bank details

Both A and B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of savings?

To prepare for future expenses

To spend immediately

To invest in stocks

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is compound interest?

Interest on the initial principal and also on the accumulated interest

Interest only on the principal

A type of tax

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit card?

A card that allows you to borrow money

A card for cash withdrawals

A type of debit card

None of the above

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