Tests, Quizzes & Assessments
Financial Literacy Tests & Assessments
Everything you need to find out what a class already knows, check a unit when you finish it, and set a real final exam — 10 pre-tests and a whole-course diagnostic free to download, plus the post-quizzes, unit finals and answer keys that come with Full Membership.
Start Here — Free
Find out what they already know
The Course Diagnostic is 24 multiple-choice questions covering all 10 units, written to be sat in about 30 minutes on the first day of the course. It is not graded for accuracy and students are told so — they are asked to leave an item blank rather than guess, which makes the blanks as informative as the wrong answers.
It reports by unit, never as a single score. A class can be fine on bank accounts and lost on credit, and one percentage hides exactly the thing you gave the diagnostic to find. The Scoring & Placement Guide turns one set of papers into a teaching order: it carries the answer key, the item-to-unit map, and the bands that tell you which units to teach early, which to teach at pace, and which you could skip.
Both are free, and the answer key is free on purpose
A placement instrument exists to tell you which units your class needs. Putting its key behind the membership would invert that — you would have to buy the course to find out which part of it you need. Every unit post-quiz, final assessment and answer key stays with Full Membership.
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Personal Finance Course Diagnostic
24 questions · about 30 minutes · covers all 10 units · 5 pages
Scoring & Placement Guide (5 pages) → — answer key, item-to-unit map and placement bands.
Unit by Unit
Three assessments for every unit
Each of the 10 curriculum units carries the same three instruments, and they do different jobs. The pre-quiz is a short diagnostic for one unit — 10 questions, not graded for accuracy, sat before you teach anything. The post-quiz is the quick check you give at the end of the week. The final assessment is the full unit exam, with vocabulary, applied math and extended written responses.
Every pre-quiz is free. Post-quizzes, final assessments and answer keys are Full Membership.
Question counts and point totals are read from the papers themselves. They are not uniform: the post-quizzes run 22–30 points and Insurance & Risk sets a shorter 50-point final where the other nine are 100.
| Unit | Before teachingFree | After teachingFull | Unit examFull | MarkingFull |
|---|---|---|---|---|
| Banking & Checking | Pre-quiz | Post-quiz | Final assessment | Answer key |
| Budgeting & First Paycheck | Pre-quiz | Post-quiz | Final assessment | Answer key |
| Saving & Emergency Funds | Pre-quiz | Post-quiz | Final assessment | Answer key |
| Careers & Paying for Education | Pre-quiz | Post-quiz | Final assessment | Answer key |
| Taxes & First Filing | Pre-quiz | Post-quiz | Final assessment | Answer key |
| Credit & Borrowing | Pre-quiz | Post-quiz | Final assessment | Answer key |
| Renting & Major Purchases | Pre-quiz | Post-quiz | Final assessment | Answer key |
| Insurance & Risk | Pre-quiz | Post-quiz | Final assessment | Answer key |
| Modern Payments, Scams & Fraud | Pre-quiz | Post-quiz | Final assessment | Answer key |
| Investing & Long-Term Growth | Pre-quiz | Post-quiz | Final assessment | Answer key |
Free files download straight away. Full Membership files open the sign-in page if you are not signed in. Each unit page carries the rest of that unit’s kit — teacher guide, student packet, slides and the applied project — alongside these. See all 10 units →
End of Course
The Course Final
A cumulative exam across all 10 units: 62 questions, 124 points, about 110 minutes. One section per unit, and no question depends on the answer to another. It comes with a Teacher Reference carrying the key, worked solutions and the rubrics for the written items.
Every question is worth 2 points, and the total is a consequence of how many you hand out. That is what lets you use it after teaching four units instead of 10: keep one section per unit you taught, delete the rest, and the paper is out of twice the questions that are left. Nothing is re-numbered and nothing is re-weighted.
The section lettering follows the order the sections were written, not the order the units are taught — Sections I and J were added when the Insurance and Investing units shipped, so that papers already printed stayed markable. Go by the unit name.
| Section | Unit | Questions | Points |
|---|---|---|---|
| A | Bank accounts and checking | 6 | 12 |
| B | Budgeting and your paycheck | 7 | 14 |
| C | Saving and emergency funds | 6 | 12 |
| D | Careers and paying for education | 6 | 12 |
| E | Taxes and your first filing | 7 | 14 |
| F | Credit and borrowing | 7 | 14 |
| G | Renting and major purchases | 6 | 12 |
| H | Payments, scams and fraud | 5 | 10 |
| I | Insurance and risk | 6 | 12 |
| J | Investing and long-term growth | 6 | 12 |
| All 10 | 62 | 124 |
Full Membership
Personal Finance Course Final & Teacher Reference
62 questions · 124 points · about 110 minutes · 11-page exam with a 10-page Teacher Reference
Midterms — Free Guide
Using the Course Final as a midterm
There is no separate midterm paper, and there does not need to be one. Because every question carries the same 2 points, the Course Final cuts down to whatever you have taught by semester — keep one section per unit covered and delete the rest.
The free 2-page teacher note below has the section-to-unit map, the arithmetic, a worked example, and the three things not to do — the important one being: do not re-weight what is left to make it total 100. The flat per-question value is exactly what lets you cut the paper at all.
Free Download · No Account Needed
How to Use the Course Final as a Midterm
2 pages · section-to-unit map, scoring and timing · you will need the Course Final itself, which is a Full Membership document
Performance Assessment
When a written exam is the wrong instrument
A test measures whether students can answer questions about money. The Capstone measures whether they can run a year of it. Your First Year On Your Own is an applied project — 60 questions across 100 points, one section per unit plus two course-level parts — built so that the sections do not feed each other but compete for the same take-home pay. Ten reasonable-looking claims land on one paycheck and there is not enough of it, which is the problem no single unit can set.
Drop a section you did not teach and its claim simply disappears; nothing else moves. It is the alternative to the Course Final, not an addition to it — give one or the other, not both.
Full Membership
Personal Finance Capstone — Your First Year On Your Own
60 questions · 100 points · 22-page student project with a 13-page teacher guide
Choosing
Which assessment, and when
- First day of the courseCourse Diagnostic — free, 24 questions, reports by unit so it tells you what to teach first.
- Before a unitThat unit’s pre-quiz — free, 10 questions, five minutes, not graded.
- End of the weekThat unit’s post-quiz — the quick check, about 30 minutes.
- End of a unitThat unit’s final assessment — the full unit exam with vocabulary, applied math and written responses.
- Mid-course or semesterThe Course Final with the sections you have not taught removed. The free guide above explains the scoring.
- End of the courseThe Course Final, whole — 62 questions across all 10 units.
- Instead of a final examThe Capstone, if you would rather see them apply it than answer questions about it.
On Screen
A digital alternative for one class period
Every assessment above is paper: printed, sat and marked by you. If you want something students do on screen that still produces a result you can read, the MI Life Budget Simulator runs a simulated month — profile, expense choices, surprise events — and ends with a 0–100 scored report, a plain-language label and required written reflections, with a teacher dashboard showing the class summary and each student’s answers.
Treat it as a performance task for a single period rather than a replacement for the assessment library — it measures decisions inside one simulated month, not knowledge of the course. Assigning it happens in the Money Instructor Classroom, where students work; the teaching pages here are where you plan.
Related
Where these assessments come from
Every quiz and exam on this page belongs to the 10-unit personal finance curriculum. If you are choosing what to teach rather than how to assess it, start there.