Search Header Logo
Personal Finance and Economic Literacy Flashcard

Personal Finance and Economic Literacy Flashcard

Assessment

Flashcard

Financial Education

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

When deciding which of the two items to purchase, one should always:

Back

Choose an item after comparing the costs and benefits of both items.

2.

FLASHCARD QUESTION

Front

After five years, who has more money if Pat leaves $15 interest in his account each year and Chris takes $15 home to a jar?

Back

Pat.

3.

FLASHCARD QUESTION

Front

Which of the following is the primary function of insurance? Making risk disappear., Pooling and sharing risk among the insured., Making someone else pay for an accident or loss., Don’t know.

Back

Pooling and sharing risk among the insured.

4.

FLASHCARD QUESTION

Front

Which of the following has historically had the highest rate of return over long periods of time?
Options:
Don’t know.
Bank savings accounts.
Bonds.
Stocks.

Back

Stocks.

5.

FLASHCARD QUESTION

Front

Which of the following would be expected to hold its value best during a time of inflation? A house, a corporate bond, a certificate of deposit.

Back

A house.

6.

FLASHCARD QUESTION

Front

What is a budget?

Back

A spending plan showing sources and uses of income.

7.

FLASHCARD QUESTION

Front

Which of the following would hurt your credit score?
Options:
Getting married.
Paying off student loan debt.
Don’t know.
Closing a long-held credit card account.

Back

Closing a long-held credit card account.

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?