7th Grade Financial Literacy Pretest

Rent and house payments are examples of___________.

_________ allows you to make purchases and pay for them later.

Taxes, insurance, and other miscellaneous items are________.

When do bills usually come in?

What is the money you make when you work called?

Auto insurance covers _______.

Payments all citizens must pay to help the government services is called________.

You have $100 with a 1% annual interest rate, how much will be in your bank account next year?

______ require membership in order to borrow money.

Mastercard, Visa, and Amex are examples of _________.

What helps pay costs in the event of a death, accident, or any negative unanticipated event?

What are some financial assets you may want to invest in?

What's the total money you make before taxes called?

______ is the percentage of cost of borrowing from someone else.

To insure your paycheck is electronically transfers into our bank account, you use _______.