Foundations in Personal Finance Chapter 4 Test
Authored by Sherrie Beyen
Mathematics
9th - 12th Grade
CCSS covered
Used 16+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A yearly fee that's charged by the credit card company for the convenience of the credit card
Annual Fee
Annual Percentage Rate (APR)
ARM
Balloon Mortgage
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan.
Annual Fee
Annual Percentage Rate (APR)
ARM
Balloon Mortgage
Tags
CCSS.6.NS.C.6C
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An arrangement to receive cash, goods, or services now and pay for them in the future.
credit
credit card
credit limit
debit card
Tags
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.5
CCSS.RI.6.5
CCSS.RI.7.5
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A plastic card used to make purchases now and pay for them later.
credit
credit card
credit limit
debit card
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The maximum dollar amount that can be borrowed
credit
credit card
credit limit
debit card
Tags
CCSS.HSA.CED.A.3
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
credit
credit card
credit limit
debit card
Tags
CCSS.2.MD.C.8
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The act of combining all debts into one monthly payment, typically extending the terms and the length of time required to repay the debt.
debt consolidation
debt Snowball
Depreciation
finance charge
foreclosure
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