Personal Finance Final

Personal Finance Final

7th - 8th Grade

20 Qs

quiz-placeholder

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Personal Finance Final

Personal Finance Final

Assessment

Quiz

7th - 8th Grade

Medium

Created by

Cris Kemmerer

Used 22+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

This employer sponsored retirement plan allows an employee to invest a portion of their paycheck before taxes are taken out.

SImple PRA

Roth IRA

401(k)

401(e)

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Medical bills, credit card bills, and personal loans are known as _______.

deposit

withdrawal

debt

credit

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

An individual without an emergency fund in place is more likely to get into financial trouble than an individual with an emergency fund in place.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

As a consumer, you have the right and responsibility to report any cases of __________, identity theft, or unfair business practices to the Federal Trade Commission (FTC).

theft

fraud

bullying

finance

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If you were ever a victim of unfair business practices, which agency could you call for help?

Food & Drug Administration

United States Department of Agriculture

United States Department of Agriculture State Police

Federal Trade Commission

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following topics are covered by consumer protection laws?

Fraud

Misrepresentation

Unfair business practices

All of these answers are correct.

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The rates of return for the various savings tools are higher than those for investments.

TRUE

FALSE

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