Financial Literacy Quiz

Question 1

What is the number one thing teens spent most of their money on in 2020

Accepted Answer

Food

Question 2

What do most checks have printed in the upper right-hand corner?

Accepted Answer

check number

Question 3

______________ allow you to pay for items in installments over time.

Accepted Answer

credit cards

Question 4

Buying things we will not have in a year is

Accepted Answer

wasteful spending

Question 5

Jackson's checking account balance was so low, he had to _________ money from his savings to his checking

Accepted Answer

transfer

Question 6

Which of the following is not considered a scholarship

Accepted Answer

FAFSA - Financial Aid

Question 7

You should always be aware of your ____________ before spending money on something.

Accepted Answer

checking balance

Question 8

Some kids work in the campus cafeteria to help pay for college. This is known as __________.

Accepted Answer

work-study

Question 9

What is considered a good credit score?

Accepted Answer

700

Question 10

Negative information stays on your _________ for _____ years.

Accepted Answer

credit report; 7

Question 11

____________ must be paid back with interest.

Accepted Answer

student loans

Question 12

Mr. Williams wants to buy a Tesla so he must ____________ from his savings to his checking to cover the check he wrote

Accepted Answer

transfer funds.

Question 13

Mrs. Melton's _____________ was lower than 580, so no one would lend her money.

Accepted Answer

credit score

Question 14

Mrs. Williams bought sweet tea with her debit card. That money gets pulled from her ________.

Accepted Answer

checking account

Question 15

Many adults keep track of their money by logging all transactions in a __________________.

Accepted Answer

check register

Question 16

Presley has a high credit score, so ____________ consider her a good risk.

Accepted Answer

lenders

Question 17

Writing a check for more than what's in your checking account will usually lead to ___________.

Accepted Answer

an overdraft fee

Question 18

Credit scores range from

Accepted Answer

300-850

Question 19

If you apply for a credit card, they usually want to check your ____________ first.

Accepted Answer

credit history

Question 20

Credit cards usually carry very high _____________.

Accepted Answer

interest rates

Question 21

Thanks to his black belt and unique talent in wrestling, Asher earned a ______________ for college

Accepted Answer

scholarship

Questions 21