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Personal Finance

Authored by Becky Johannesen

History

10th Grade

Used 88+ times

Personal Finance
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main difference between a credit card and debit card is

A debit card requires that you have the cash available in the account; a credit card doesn't
A credit card has the Visa or MasterCard logo; a debit card doesn’t
A debit card does not offer the same protections as a credit card.
A credit card requires that you have the cash available in the account, a debit card doesn't

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Disadvantages of using credit cards

Fees mat be assessed, mat not be accepted in some stores, overspending
Convenience of not carrying cash, counting change, quick form of payment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Earning interest on interest is known as __________ interest.

Composite
Compound
Augmented
Amplified

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a credit score?

A credit score is a three-digit numerical rating that reflects how likely you are to fail at paying your debts
A five-digit numerical rating that reflects how likely you are to repay your debt. 
A three-digit numerical rating that reflects how likely you are to repay your debt. 
A credit score is a five-digit numerical rating that reflects how likely you are to fail at paying your debts

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What financial habits determine your credit score?

Payment History & Amount you owe 
Length of credit history & Amount of new credit applied for recently
Types of credit open
All of these are correct

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What actions can decrease your credit score?

Pay your bills on time
Only check your credit score once a year
Max out your credit cards
Pay off your full debt at one time

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rent is a:

Fixed expense
Discretionary Expense
Variable expense
Intermittent expense

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