Module 1 - Money Mindsets - Chapter 4 Quiz

Module 1 - Money Mindsets - Chapter 4 Quiz

12th Grade

5 Qs

quiz-placeholder

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Module 1 - Money Mindsets - Chapter 4 Quiz

Module 1 - Money Mindsets - Chapter 4 Quiz

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

EmpowerED Admin

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which situation best reflects loss aversion, even if the choice isn’t the smartest financially?

Selling an old game to get cash for something better

Not buying new headphones because you’re saving

Holding onto a product you don’t use just because you paid for it

Buying a discounted item before it goes back to full price

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A student spends all their birthday money on snacks instead of saving for a new tablet. Which bias most likely influenced their decision?

Status quo bias

Confirmation bias

Present bias

Anchoring

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A jacket is marked down from $120 to $75. You feel like you’re getting a great deal—even though $75 is over your budget. What bias are you experiencing?

Present bias

Anchoring

Loss aversion

Status quo bias

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You believe Brand X shoes are the best, so you ignore any reviews that say otherwise—even if they’re honest and helpful. Which bias is at play?

Anchoring

Loss aversion

Confirmation bias

Present bias

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You’ve always stored money in your piggy bank, and even though a savings account would help you earn interest, you don’t switch. What is the most likely reason for this behavior?

Anchoring

Status quo bias

Loss aversion

Confirmation bias