Free quiz maker for money and credit classes
Quick summary
Make a quiz of 5 to 20 questions from a bank of 220 multiple choice questions in 10 sections. Answer four quick questions, or start from a pre-made quiz. Then change anything you like. Print it, save it as a PDF, or send students a link that marks itself. Every answer has a reason and a source, checked November 5, 2026. Nothing to sign up for, and nothing you type is stored on our servers.
1. Answer four quick questions
We will build a quiz that suits your class. You stay in control: you can change every question afterwards.
1. Which grade is the class?
Adds credit scores, credit cards and taxes. Core questions only. This is our suggestion, not a provincial curriculum map. Change anything below.
2. What is the class learning about right now?
We picked topics that often fit this grade. Tap to add or remove.
3. What is the quiz for?
Plan about 15 minutes. You can still change the number later, from 5 to 20.
Or start with a pre-made quiz
Pick one to load it below. You can still swap or remove any question.
Or choose every setting yourself
Choose the sections, how many questions, and how hard. We pick questions at random and spread them across the sections you choose.
2. Check and edit your quiz
Rename it, swap a question for a new one, remove it, or change the order. You can also tick questions from the full bank below.
10 questions.
1. Which of these is a way to apply for the Canada child benefit?
- A. Through your Canada Revenue Agency (CRA) account (correct)
- B. At your bank branch
- C. By email to a phone number on a flyer
- D. Through your child's school
Core. Benefits and work income.
2. How do you get most government tax benefits paid to you each year?
- A. File your tax return (correct)
- B. Apply at your bank
- C. Wait for a letter
- D. Call the Canada Revenue Agency (CRA) each month
Core. Taxes.
3. What is the minimum down payment on a $450,000 home?
- A. $45,000
- B. $22,500 (correct)
- C. $9,000
- D. $18,000
Core. Mortgages and housing.
4. According to the Financial Consumer Agency of Canada (FCAC), how long can a late payment stay on your credit report?
- A. Up to 7 years
- B. Up to 6 years (correct)
- C. Up to 3 years
- D. Up to 10 years
Core. Credit scores and reports.
5. Which of these does the Financial Consumer Agency of Canada (FCAC) list as a need?
- A. Medication (correct)
- B. A new video game
- C. A gym membership
- D. A restaurant meal
Core. Budgeting and saving.
6. Can you report fraud to the Canadian Anti-Fraud Centre anonymously?
- A. No, you must give your bank account number
- B. Only by phone
- C. No, you must give your Social Insurance Number (SIN)
- D. Yes, you can choose to report anonymously (correct)
Core. Scams and fraud.
7. Who files a consumer proposal or a bankruptcy for you?
- A. Your bank
- B. A credit bureau
- C. The Canada Revenue Agency (CRA)
- D. A Licensed Insolvency Trustee (correct)
Core. Debt and borrowing.
8. Which account lets your savings grow tax-free?
- A. A regular chequing account
- B. A Tax-Free Savings Account (TFSA) (correct)
- C. A Guaranteed Investment Certificate (GIC) held in a non-registered account
- D. A store card
Core. Saving for goals.
9. NSF stands for:
- A. New secured funds
- B. National safe finance
- C. Not sufficient funds (correct)
- D. No savings fee
Core. Banking and fees.
10. Your limit is $8,000 and your balance is $2,400. What share of your limit are you using?
- A. 34%
- B. 70%
- C. 30% (correct)
- D. 24%
Core. Credit cards.
Pick questions by hand from all 220
3. Print it, save it, or send it
The student copy, the answer key and the link all use the same answer order, so they always match.
On paper
Easy marking: hand out the student copy with the answer sheet, then mark with the Quick key at the top of the answer key. Each question is worth 1 mark.
Preview
Money basics quiz
10 questions. Circle one answer for each question.
Name: ______________________ Date: ______________ Score: ______ / 10
1. Which of these is a way to apply for the Canada child benefit?
- A. Through your Canada Revenue Agency (CRA) account
- B. At your bank branch
- C. By email to a phone number on a flyer
- D. Through your child's school
2. How do you get most government tax benefits paid to you each year?
- A. File your tax return
- B. Apply at your bank
- C. Wait for a letter
- D. Call the Canada Revenue Agency (CRA) each month
3. What is the minimum down payment on a $450,000 home?
- A. $45,000
- B. $22,500
- C. $9,000
- D. $18,000
4. According to the Financial Consumer Agency of Canada (FCAC), how long can a late payment stay on your credit report?
- A. Up to 7 years
- B. Up to 6 years
- C. Up to 3 years
- D. Up to 10 years
5. Which of these does the Financial Consumer Agency of Canada (FCAC) list as a need?
- A. Medication
- B. A new video game
- C. A gym membership
- D. A restaurant meal
6. Can you report fraud to the Canadian Anti-Fraud Centre anonymously?
- A. No, you must give your bank account number
- B. Only by phone
- C. No, you must give your Social Insurance Number (SIN)
- D. Yes, you can choose to report anonymously
7. Who files a consumer proposal or a bankruptcy for you?
- A. Your bank
- B. A credit bureau
- C. The Canada Revenue Agency (CRA)
- D. A Licensed Insolvency Trustee
8. Which account lets your savings grow tax-free?
- A. A regular chequing account
- B. A Tax-Free Savings Account (TFSA)
- C. A Guaranteed Investment Certificate (GIC) held in a non-registered account
- D. A store card
9. NSF stands for:
- A. New secured funds
- B. National safe finance
- C. Not sufficient funds
- D. No savings fee
10. Your limit is $8,000 and your balance is $2,400. What share of your limit are you using?
- A. 34%
- B. 70%
- C. 30%
- D. 24%
About these questions
Each question is based on a page from the Financial Consumer Agency of Canada, the Canada Revenue Agency, CDIC, the Canadian Anti-Fraud Centre or another source named on the answer key, or on plain arithmetic. We checked them on November 5, 2026. Amounts and rules change, so look at the source before you use a question in a graded test. Some rules differ by province, and these questions are not matched to any provincial curriculum. General information, not financial advice. See our editorial policy and Educators hub.
Money basics quiz
10 questions. Circle one answer for each question.
Name: ______________________ Date: ______________ Score: ______ / 10
1. Which of these is a way to apply for the Canada child benefit?
- A. Through your Canada Revenue Agency (CRA) account
- B. At your bank branch
- C. By email to a phone number on a flyer
- D. Through your child's school
2. How do you get most government tax benefits paid to you each year?
- A. File your tax return
- B. Apply at your bank
- C. Wait for a letter
- D. Call the Canada Revenue Agency (CRA) each month
3. What is the minimum down payment on a $450,000 home?
- A. $45,000
- B. $22,500
- C. $9,000
- D. $18,000
4. According to the Financial Consumer Agency of Canada (FCAC), how long can a late payment stay on your credit report?
- A. Up to 7 years
- B. Up to 6 years
- C. Up to 3 years
- D. Up to 10 years
5. Which of these does the Financial Consumer Agency of Canada (FCAC) list as a need?
- A. Medication
- B. A new video game
- C. A gym membership
- D. A restaurant meal
6. Can you report fraud to the Canadian Anti-Fraud Centre anonymously?
- A. No, you must give your bank account number
- B. Only by phone
- C. No, you must give your Social Insurance Number (SIN)
- D. Yes, you can choose to report anonymously
7. Who files a consumer proposal or a bankruptcy for you?
- A. Your bank
- B. A credit bureau
- C. The Canada Revenue Agency (CRA)
- D. A Licensed Insolvency Trustee
8. Which account lets your savings grow tax-free?
- A. A regular chequing account
- B. A Tax-Free Savings Account (TFSA)
- C. A Guaranteed Investment Certificate (GIC) held in a non-registered account
- D. A store card
9. NSF stands for:
- A. New secured funds
- B. National safe finance
- C. Not sufficient funds
- D. No savings fee
10. Your limit is $8,000 and your balance is $2,400. What share of your limit are you using?
- A. 34%
- B. 70%
- C. 30%
- D. 24%
whatiscredit.ca
Money basics quiz
Teacher answer key. Do not hand out.
Quick key: 1-A 2-A 3-B 4-B 5-A 6-D 7-D 8-B 9-C 10-C
1. Which of these is a way to apply for the Canada child benefit?
Answer: A. Through your Canada Revenue Agency (CRA) account
Why: The Canada Revenue Agency (CRA) lists these ways to apply: the birth registration process, your CRA account, or Form RC66 by mail.
Source: CRA, Canada child benefit (modified October 22, 2026)
2. How do you get most government tax benefits paid to you each year?
Answer: A. File your tax return
Why: The Canada Revenue Agency (CRA) says to file your return. Benefits such as the Canada child benefit, the groceries and essentials benefit and the workers benefit use your tax return.
Source: CRA, Canada groceries and essentials benefit (modified July 2026)
3. What is the minimum down payment on a $450,000 home?
Answer: B. $22,500
Why: Homes priced at $500,000 or less need 5%. 5% of $450,000 is $22,500.
Source: FCAC, How much you need for a down payment (modified October 15, 2025) (https://www.canada.ca/en/financial-consumer-agency/services/mortgages/down-payment.html)
4. According to the Financial Consumer Agency of Canada (FCAC), how long can a late payment stay on your credit report?
Answer: B. Up to 6 years
Why: The Financial Consumer Agency of Canada (FCAC) says late payments can stay on your credit report for up to 6 years.
Source: FCAC, How long information stays on your credit report (modified July 1, 2026) (https://www.canada.ca/en/financial-consumer-agency/services/credit-reports-score/information-credit-report.html)
5. Which of these does the Financial Consumer Agency of Canada (FCAC) list as a need?
Answer: A. Medication
Why: The Financial Consumer Agency of Canada (FCAC) lists medication as an example of a need. It lists a gym membership and restaurant meals as wants.
Source: FCAC, Making a budget (modified August 21, 2025) (https://www.canada.ca/en/financial-consumer-agency/services/make-budget.html)
6. Can you report fraud to the Canadian Anti-Fraud Centre anonymously?
Answer: D. Yes, you can choose to report anonymously
Why: The Canadian Anti-Fraud Centre says you can choose to report anonymously through its online reporting system.
Source: Canadian Anti-Fraud Centre, How to report (modified November 27, 2025) (https://antifraudcentre-centreantifraude.ca/report-signalez-eng.htm)
7. Who files a consumer proposal or a bankruptcy for you?
Answer: D. A Licensed Insolvency Trustee
Why: The Office of the Superintendent of Bankruptcy says a Licensed Insolvency Trustee files either one.
Source: Office of the Superintendent of Bankruptcy, Compare debt solutions (modified November 26, 2025)
8. Which account lets your savings grow tax-free?
Answer: B. A Tax-Free Savings Account (TFSA)
Why: The Financial Consumer Agency of Canada (FCAC) says interest and withdrawals from a Tax-Free Savings Account (TFSA) are not taxed.
Source: FCAC, Savings accounts (modified October 29, 2026) (https://www.canada.ca/en/financial-consumer-agency/services/banking/bank-accounts/savings-account.html)
9. NSF stands for:
Answer: C. Not sufficient funds
Why: An NSF (not sufficient funds) fee is charged when a payment bounces because there is not enough money in the account.
Source: FCAC, review of banking fees (modified October 23, 2026)
10. Your limit is $8,000 and your balance is $2,400. What share of your limit are you using?
Answer: C. 30%
Why: $2,400 divided by $8,000 is 0.30, or 30%.
Source: Math check: you can work this out with the numbers in the question
Checked November 5, 2026. Rules and amounts can change, so check the source before you rely on an answer in a test. whatiscredit.ca
Money basics quiz: answer sheet
Name: ______________________ Date: ______________ Score: ______ / 10
- 1.ABCD
- 2.ABCD
- 3.ABCD
- 4.ABCD
- 5.ABCD
- 6.ABCD
- 7.ABCD
- 8.ABCD
- 9.ABCD
- 10.ABCD