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Chapter 1 Test

Chapter 1 Test

Assessment

Flashcard

•

Social Studies

•

12th Grade

•

Practice Problem

•

Hard

Created by

Wayground Content

FREE Resource

Student preview

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19 questions

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1.

FLASHCARD QUESTION

Front

Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal.

Back

True

2.

FLASHCARD QUESTION

Front

You should always make sure you have a…

Back

Budget

3.

FLASHCARD QUESTION

Front

To gain an understanding of your personal finances, you should know . . .

Back

Where you stand financially, how much income you have, what goals you want to set, and how you’ll reach those goals

4.

FLASHCARD QUESTION

Front

What is The First Foundation?

Back

Save a $500 emergency fund.

5.

FLASHCARD QUESTION

Front

Being a spender has many more positives than being a saver.

Back

True

6.

FLASHCARD QUESTION

Front

Avoiding debt can give you financial peace and a sense of hope for the future.

Back

True

7.

FLASHCARD QUESTION

Front

To know your net worth, subtract your liabilities from your ______.

Back

Assets

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