6.1 Review - Finance
Flashcard
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
5 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Savings provide money for short-term and long-term needs.
Back
True
2.
FLASHCARD QUESTION
Front
Examples of short-term needs include: vacations, major purchases (replacement), repairs, social events, all of them
Back
all of them
3.
FLASHCARD QUESTION
Front
Examples of long-term needs include: education, home ownership, retirement, None of the above
Back
All of the above are long-term needs.
4.
FLASHCARD QUESTION
Front
Compounding, or interest earned on principal and previous interest, makes money grow faster.
Options: True, False
Back
True
5.
FLASHCARD QUESTION
Front
Do commercial banks, savings banks, savings and loan associates (S&Ls), credit unions, brokerage firms, and online companies offer savings accounts?
Back
True
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