Financial Literacy Quiz for Seniors

Financial Literacy Quiz for Seniors

12th Grade

30 Qs

quiz-placeholder

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Financial Literacy Quiz for Seniors

Financial Literacy Quiz for Seniors

Assessment

Quiz

Financial Education

12th Grade

Medium

Created by

Jamal Jordan

Used 1+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a fixed expense in a monthly budget?

Groceries

Rent

Entertainment

Clothing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a credit score primarily measure?

Your annual income

Your creditworthiness

Your total assets

Your job stability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a type of investment?

Savings account

Checking account

Credit card

Auto loan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which loan type is typically used to purchase a home?

Auto loan

Mortgage

Student loan

Payday loan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in the financial planning process?

Implementing a plan

Setting financial goals

Monitoring progress

Evaluating alternatives

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account is specifically designed for saving for retirement?

IRA

Checking account

Money market account

Certificate of deposit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT typically included in a personal budget?

Income

Expenses

Credit score

Savings

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