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Econ quiz 7 - 19/20

Authored by Daniel Smith

Social Studies

12th Grade

CCSS covered

Used 2+ times

Econ quiz 7 - 19/20
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money earned

expenses

income

purchase

spend

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of money a person can earn by being self-employed or by doing a job for another person or business

salary
scarce
interest
lend

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

things that are produced and used

interest
credit
lend
resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

paying for something with money that is borrowed and must be paid back, usually with interest

credit
income
resources
salary

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the money paid by the borrower to the lender for the use of the lender's money

interest
savings plan
scarce
purchase

Tags

CCSS.5.NBT.A.2

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is a budget?

A type of savings account

A way to invest for retirement

A fund for emergencies

A financial plan that defines expenses/income for a period of time.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is debt?

Money you have borrowed and need to pay back

Money you make from working at a job

Money you make from the government

Taxes that you pay when you buy something

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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