Economics-Personal Finance

Economics-Personal Finance

12th Grade

34 Qs

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Economics-Personal Finance

Economics-Personal Finance

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

CCSS
5.NBT.A.3B

Standards-aligned

Created by

Paulla Tiltonmolocznik

Used 30+ times

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34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which one of the following terms is an organized spending plan for one's money?
SSEPF1b

Cost System Analysis
Bankruptcy
Budget
Profit and Loss Statement

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which one of the following terms is money that is paid regularly at a particular rate for the use of borrowed money?
SSEPFb

Deposit
Withdrawal
Interest
Net Worth

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which federal agency protects deposits in commercial banks ?
SSEPF2

FDIC
IRS
DEA
EPA

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system to make financial loss more affordable by transferring it from individuals to large groups is called :
SSEPF5

Investing
Insurance
Trading
Saving

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial institution licensed to receive deposits and make loans.
SSEPF2a

bank
credit union
savings house
credit house

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cost that varies with the level of output.
SSEPF4c

fixed costs
profit
variable costs
savings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expending money with the expectation of achieving a profit.

profiting
budgeting
debiting
investing

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