Finance_All topics by today

Finance_All topics by today

1st - 3rd Grade

20 Qs

quiz-placeholder

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Finance_All topics by today

Finance_All topics by today

Assessment

Quiz

Business

1st - 3rd Grade

Medium

Created by

Nilufar Allaberganova

Used 9+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The amount of money a person expects to have in the future is called

Principal

Simple Interest

Future Value

Present Value

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Earning interest on interest is called...

Extra Interest

Simple Interest

Inflation Interest

Compound Interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The idea that money to be paid out or received in the future is not equivalent to money paid out or received today

SMART Money

Time Value of Money

PV/FV Money

Compound Money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The steady rise in the general level of prices is known as...

Time Value of Money

Interest

Principal

Inflation

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Future value is calculated as...

FV= PV / (PV * Interest rate)

FV = PV + (PV * Interest rate)

FV = PV - PV / Interest rate

FV = PV * (PV*Interest rate)

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The interest rate is...

Future value of the money

The present value of the money

Compensation for the length of using money

The principal of the money

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The future value with compound interest for more than two periods is calculated as...

FV = PV(1 + i)n

FV = PV(1 + i) 2

FV = PV / (1+i)2

FV = PV / (1 + i) 2

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