GFL State Review #2

GFL State Review #2

Assessment

Flashcard

Business

11th Grade

Hard

Created by

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17 questions

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1.

FLASHCARD QUESTION

Front

A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily.

Back

True

2.

FLASHCARD QUESTION

Front

investing is best for

Back

long-term financial goals, like paying for retirement

3.

FLASHCARD QUESTION

Front

Which of the following is NOT a good way to track your spending?
Options:
Notebook and pencil
envelop method
online software or app

Back

In your head

4.

FLASHCARD QUESTION

Front

Which payment option could have interest charged to you? cash, check, debit card, credit card

Back

credit card

5.

FLASHCARD QUESTION

Front

What is a benefit of having a good credit score?

Back

When you need a loan, you'll have more loan offers to pick from.

6.

FLASHCARD QUESTION

Front

Credit cards can help _____ when paid off on time regularly.

Back

build credit history

7.

FLASHCARD QUESTION

Front

An insurance premium is paid by the

Back

policyholder

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