Unit 2 Study Guide

Unit 2 Study Guide

Assessment

Flashcard

Business

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

47 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Are bank checking and savings accounts insured by the FDIC up to the legal limit of $250,000 per depositor per bank?

Back

True

2.

FLASHCARD QUESTION

Front

A cash withdrawal from an ATM should not be recorded in a manually maintained check register.

Back

False

3.

FLASHCARD QUESTION

Front

The Rule of 72 provides a quick formula for computing how long it will take to double money invested at a given interest rate. True or False?

Back

True

4.

FLASHCARD QUESTION

Front

Three major types of risk faced by consumers are personal risk, risk of financial loss, and risk from natural disasters. True or False?

Back

False

5.

FLASHCARD QUESTION

Front

Risk transfer might be achieved by purchasing insurance.

Back

True

6.

FLASHCARD QUESTION

Front

The amount of money that a person has to spend after needs are met is called discretionary income.

Back

True

7.

FLASHCARD QUESTION

Front

A favorable variance occurs when you earn or save more than you estimated or spend less than you planned.

Back

True

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?