20191106 - Personal Finance Unit 2 Review
Authored by Mr. Whitfield
Life Skills
9th - 12th Grade
CCSS covered
Used 43+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The cost of borrowing money is referred to as
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Credit can be defined as a tool to...
allow you to purchase things without paying for them
let you make a quick purchase when you don't have enough money
provide guilt free money
to buy something now and pay for it later
3.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Which of the following is true about micro-loans (choose all that apply)?
They are for small amounts
They typically must be paid back in a short amount of time
They are used by both businesses and consumers (regular people)
They are often available in low-income communities to help reduce poverty
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following statements is true about Debt?
Debt is the amount of money you have in your checking account.
Debt is the total amount of money a person owes to others
Debt is the ability to borrow money.
Debt is the amount of money you have in a savings account.
5.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Which of the following represents risks of using credit (choose all that apply)?
Overspending
Overwhelming Debt
Legal Action
Identity Theft and Fraud
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Using Credit is never a wise thing to do...
True
False
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Only adults are at risk for identity theft...
True
False
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