Financial Literacy Terms

Financial Literacy Terms

6th Grade

17 Qs

quiz-placeholder

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Financial Literacy Terms

Financial Literacy Terms

Assessment

Quiz

Other

6th Grade

Easy

Created by

Wayground Content

Used 10+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things you must have to survive

Wants

Desires

Needs

Preferences

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things you would like to have to raise your standard of living

Needs

Wants

Essentials

Desires

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fee paid for the use of borrowed money

Principal

Interest

Dividend

Fee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fee paid when you pay a bill after the due date

Late Fee

Early Payment Discount

Service Charge

Processing Fee

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money you earn. This can come from a job or investments. It is limited.

Revenue

Income

Profit

Earnings

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money earned per hour in exchange for your physical or mental labor

Salary

Wage

Commission

Bonus

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixed amount of money earned per day, month, or year in exchange for your physical or mental labor

Wage

Salary

Commission

Bonus

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