What is Financial Literacy?
Authored by Wayground Content
Business
7th Grade
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16 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is debt?
Money that is owed.
Money that is received.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A mortgage is a loan for...
a car
college
a house
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A personal budget lets you know what expenses and income you have so you can make good financial decisions.
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A variable expense is one that changes from month to month.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following words mean money you make or earn, EXCEPT which word?
Wage
Salary
Income
Rent
Paycheck
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a check?
An automated teller machine
A plastic card that requires a pin number and is attached to your bank account
A form of savings
Pre-printed form of payment that is attached to your bank account
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Money borrowed from a bank.
debt
budget
loan
expense
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