
(PF) Ch. 6 Test Review
Authored by Kelly Gaudette
Life Skills
9th - 12th Grade
Used 6+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you buy a house, the smaller your down payment, the ___ your monthly mortgage payments will be.
lower
higher
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Convenience of location and the services offered is NOT usually a reason people often choose a particular financial institution.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following savings options imposes a penalty if money is withdrawn early?
savings account
certificate of deposit
stocks
money market account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stocks and bonds issued by corporations or by the government are called share accounts.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The biggest advantage of scholarships is
that they are only for students with highest GPAs.
that they do not have to be repaid if you complete your education.
that they do not have to be repaid until after you graduate from college.
none of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The more liquid an investment, the ___earning potential it is likely to have.
less
more
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The more often interest is compounded, the ___ your interest earnings will be.
lesser
greater
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