Financial Literacy Quiz

Quiz
•
Mathematics
•
11th Grade
•
Medium

Brian Adams
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a budget?
To make spending more fun
To track and control your income and expenses
To avoid paying taxes
To increase your credit score
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a fixed expense?
Groceries
Entertainment
Rent or mortgage
Clothing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does APR stand for in terms of credit cards or loans?
Average Purchase Rate
Annual Percentage Rate
Accrued Payment Rate
Automatic Payment Renewal
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit score used for?
To show how much money you have in the bank
To determine your tax bracket
To measure how good you are at saving
To show how likely you are to repay debt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the best example of a want, not a need?
Water
Rent
Designer sneakers
Groceries
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "pay yourself first" mean?
Spend your paycheck before paying bills
Treat yourself to a shopping spree
Save a portion of your income before spending
Pay off your credit cards last
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an emergency fund?
A) A loan you get in an emergency
B) Insurance coverage
C) Savings for unexpected expenses
D) A bonus from your job
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