Unit 5 Review PF

Unit 5 Review PF

9th Grade

28 Qs

quiz-placeholder

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Unit 5 Review PF

Unit 5 Review PF

Assessment

Quiz

Life Skills

9th Grade

Medium

CCSS
HSS.MD.B.5B

Standards-aligned

Created by

Holly Whidden

Used 2+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money available at the present time (today) is worth more than the same amount if received in the future

Pay Yourself First
Time Value of Money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"Pay yourself first" is an essential component of personal financial management to ensure that you always save.

true
false

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do experts suggest that your emergency savings be in a very liquid savings tool?

all of these
so it is accessible if it is needed quickly
so you can save as much as possible
so you can earn interest on your money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is important to have a high interest rate when saving.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Earning interest on interest is?

pay yourself first
trade-off
saving
compounding interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A saving strategy that states to set aside a predetermined portion of money for saving each time a person is paid before using any of the money for spending is called?

compounding interest
trade-off
opportunity cost
pay yourself first

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Begin saving as early as possible to maximize savings through?

time
money 
interest rate

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