Dollars and Sense review Semester 1

Dollars and Sense review Semester 1

9th - 12th Grade

100 Qs

quiz-placeholder

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Dollars and Sense review Semester 1

Dollars and Sense review Semester 1

Assessment

Quiz

9th - 12th Grade

Medium

Created by

Timothy Ericson

Used 20+ times

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100 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a factor in becoming money smart?

Have knowledge of basic math

Learn how to read your credit card statements

Learn the language of money

Manage your behavior with money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When developing a personal financial plan, one of the first things you should do is assess your current financial situation. This includes your income, assets, and liabilities.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True financial security is achieved when your money begins to generate an income—your money starts working for you.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

n obligation of repayment owed by one party to a second party

Debt

Ownership

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fee paid by a borrower to the lender for the use of borrowed money.

Bills

Interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best explains why students should learn about personal finance?

Personal finance skills are better learned through trial and error.

Personal finance skills are highly complex and require a great deal of time to learn.

Learning to manage money at this stage can eliminate financial mistakes and promote huge financial benefits for the future.

Learning to manage money will help you achieve a profitable career.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system by which goods and services are produced and distributed

Assets

Economy

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