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Personal Finance Vocab Qiz Week 3

Authored by Micki Boulineau

Life Skills

9th - 12th Grade

Used 5+ times

Personal Finance Vocab Qiz Week 3
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16 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A popular savings rule of thumb in which 50% of your income goes towards necessities, 20% goes towards saving and debt repayment, and 30% goes towards flexible spending

50-20-30 Rule
Compound Interest
Direct Deposit
Certificate Of Deposit (CD)

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A savings certificate with a fixed interest rate and maturity date, holding the saver's money until the CD fully matures

50-20-30 Rule

Compound Interest

Certificate Of Deposit (CD)

Direct Deposit

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Interest earned on both the principal amount and any interest already earned

50-20-30 Rule
Compound Interest
Direct Deposit
Certificate Of Deposit (CD)

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An automatic electronic deposit of net pay to an employee's designated bank account

50-20-30 Rule
Direct Deposit
Compound Interest
Certificate Of Deposit (CD)

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Money set aside for unanticipated expenses or loss of income

Health Savings Account (HSA)
Inflation
Federal Deposit Insurance Corporation (FDIC)
Emergency Fund

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The U.S. corporation insuring deposits in US banks against bank failure

Health Savings Account (HSA)
Inflation
Emergency Fund
Federal Deposit Insurance Corporation (FDIC)

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An account in which you can save pre-tax dollars to pay for out-of-pocket health care expenses

Health Savings Account (HSA)
Federal Deposit Insurance Corporation (FDIC)
Emergency Fund
Inflation

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