
Personal Finances Final
Authored by Cliff Walker
Life Skills
9th - 12th Grade
CCSS covered

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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost of borrowed money, usually expressed as a percentage.
interest
savings plan
liquidity
grace period
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount of money originally borrowed
Earnest money
Principal
Annual percentage rate (APR)
Interest
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
401(k), IRA, and Roth IRA are all examples of a __________ account.
Retirement
College Savings
Low Interest
Checking
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Not putting all of your "eggs in one basket" when it comes to saving for retirement has to with which concept?
Balancing
Guaranteed
Diversified
Saving
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This term refers to the original amount of a loan OR the original amount of money invested.
Principal
Interest
Rebate
Cash
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is an obligation of repayment, usually including principal plus interest; any time you owe someone money.
compound interest
credit
debit
debt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The first step of financial freedom, often a savings account where you set aside money for unexpected events or accidents.
Certificate of Deposit
Emergency fund
IRA account
401K account
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