FINANCIAL LITERACY FINAL EXAM PART ii
Authored by Lori Conte
Life Skills
11th - 12th Grade
Used 33+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that you earn back from education or training is called return on _______________________.
capital
credit
investment
finance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Truth in Lending Law states:
financial institutions must charge a certain percentage rate on loans
financial institutions must charge a minimum amount on loans
financial institutions must give 90 days
financial institutions must disclose the true APR they charge
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The interest rate charged by credit card companies on any balance not paid in full is called:
finance charge
annual percentage rate
grace period charge
credit rating
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a disadvantage of using CREDIT?
buy now pay later
can help you establish a credit record
convenience
can lead to a poor credit record if credit isn;t used properly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a line of credit that charges interest?
debit card
credit card
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will NOT lead to debt on your credit card?
pay the minimum monthly payment each month
pay late
charge up to your credit limit
none of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form is needed to for Federal Student Loans?
FAFLA
FALSA
FAFSA
FASFA
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
