Econ semester review

Econ semester review

8th - 12th Grade

50 Qs

quiz-placeholder

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Econ semester review

Econ semester review

Assessment

Quiz

Social Studies, Other

8th - 12th Grade

Medium

Created by

RYAN HOWARD

Used 8+ times

FREE Resource

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the benefits of renting a home is that the cost of maintenance is —

refunded with the deposit

cheaper in a rental property

covered by renters insurance

the responsibility of the landlord

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An important financial detail to consider when purchasing a home includes —

family size

number of rooms

time for commuting

saving for a down payment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following actions would improve a credit score?

Paying off all debts

Consolidating credit card balances

Checking credit reports on a regular basis

Keeping credit card balances as high as possible

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the advantages corporations have that sole proprietorships do not is —

limited liability

ease of start up

rights to all profits

lack of special taxes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One effect of an increase in the amount of savings in an economy is —

an increase in consumer spending

a decrease in retirement investments

a decrease in the production of goods and services

an increase in financial resources for business investment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One potential risk from investing in the stock market is the loss of —

investor tolerance

purchasing power

earned interest income

portfolio diversification

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one advantage to placing savings in a high-risk investment as oppose to putting savings in a low-risk investment?

The tax rate on high-risk investments is lower.

The amount of money needed to invest is lower.

The money is more secure in a high-risk investment.

The potential rate of return on investment is higher.

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