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Unit 2: Personal Finance

Unit 2: Personal Finance

Assessment

Flashcard

Business

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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25 questions

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1.

FLASHCARD QUESTION

Front

Which of the following is the most important factor affecting your credit score? The number of bank accounts you have, Payment history, Your age, Number of times you log into online banking

Back

Payment history

2.

FLASHCARD QUESTION

Front

What does “debt-to-credit ratio” measure?

Back

The amount of debt compared to available credit

3.

FLASHCARD QUESTION

Front

Which of the following could LOWER a person’s credit score?
- Having a long credit history
- Frequently applying for new credit cards

Back

Frequently applying for new credit cards

4.

FLASHCARD QUESTION

Front

Which type of insurance would best protect against financial loss from a car accident? Options: Life insurance, Property insurance, Liability insurance, Health insurance

Back

Liability insurance

5.

FLASHCARD QUESTION

Front

A benefit of life insurance is that it:

Back

Provides income to beneficiaries after death

6.

FLASHCARD QUESTION

Front

Why would a business need an EIN (Employer Identification Number)?

Back

To file federal taxes and payroll

7.

FLASHCARD QUESTION

Front

Which tax is deducted from an employee’s paycheck to fund retirement benefits?

Back

Social Security tax

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