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Personal Finance

Authored by Michelle Ashley

Social Studies

8th - 12th Grade

CCSS covered

Used 107+ times

Personal Finance
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60 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

This type of interest "creates a mathematical explosion," and it can make you wealthy over time, or keep you in debt for a long time.

compound
sinking
annual

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cost of borrowed money, usually expressed as a percentage.

interest
savings plan
scarce
purchase

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

401(k), IRA, and Roth IRA are all examples of a __________ account.

Retirement
College Savings
Low Interest
Stock

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does CD stand for when talking about investments?

Calculated Dividend
Certificate of Deposit
Central Dollar
Current Deposit

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A mutual fund allows investments to be ___________.

Secured
Guaranteed
Diversified
Minimal

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This type of retirement account offered by employers to their employees allows them to set aside tax-deferred income.  Sometimes employers will even match the employee contribution up to a certain amount.

mutual fund
401(k)
Roth IRA
savings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is just a savings account with a slightly higher interest rate because the saver commits to a longer saving period for a set amount deposited.

C.D.
debt
beneficiary

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