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Chapter 1 Review Personal Finance

Authored by Leslie Susie

Mathematics

9th - 12th Grade

CCSS covered

Used 16+ times

Chapter 1 Review Personal Finance
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or organization that uses a product or service.

Consumer
Credit
Debt
Buyer

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The granting of a loan and the creation of debt; any form of deferred payment.

Interest
Credit
Loan
Bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An obligation of repayment owed by one party (the debtor/borrower) to a second party (the creditor/lender); in most cases this includes repayment of the original loan amount plus interest.

Loan
Debit
Buyer
Debt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system by which goods and services are produced and distributed.

Wal-mart
Personal Finance
Economy
Distribution Center

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as a percentage of the principal (original loan amount)

Interest
Budget
Financial Literacy
Personal Finance

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The knowledge and skillset necessary to be an informed consumer and manage finances effectively

Interest
Budget
Financial Literacy
Personal Finance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A debt evidenced by a "note", which specifies the principal amount, interest rate and date of repayment.

Bill
Debt
Interest
Loan

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