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Personal Finance Test Review

Authored by Elizabeth DiNatale

Social Studies

9th - 12th Grade

CCSS covered

Used 25+ times

Personal Finance Test Review
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your credit score is NOT configured off of which of the following:

Payment history

Amount owed

GPA

Length of credit history

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following probably has the highest credit score? Assume that all of them have made regular monthly payments on time.

An 18 year old college freshman

A 20 year old waitress with two active credit cards

A 40 year old business owner with two cars, a house, and four active credit cards

A 50 year old with five credit cards who rents his house.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you open a savings account, will you earn more money with simple or compound interest?

simple

compound

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors can the insurance company look at when determining the cost of your policy?

age

marital status

gender

all of the above

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main purpose of disability insurance?

To provide replacement income if you have an accident or illness and can't work
To cover your medical expenses if you have a accident or illness and can't work
To provide your family with income when you retire
To provide replacement income and cover all of your medical expenses if you have an accident or illness and can't work

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Sales tax is __________ to the price

subtracted
added
multiplied
divided

Tags

CCSS.6.RP.A.3D

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Federal and State Income Taxes are examples of a ...

Proportional Tax

Progressive Tax

Regressive Tax

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