ECON Final Review

ECON Final Review

12th Grade

20 Qs

quiz-placeholder

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ECON Final Review

ECON Final Review

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Michael Bernicchi

Used 73+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of card is linked to a checking account for everyday purchases

Credit

Debit

Prepaid

Gift

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of card advances you money for purchases with a preset limit

Credit

Debit

Prepaid

Gift

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything of value such as property, money, or belongings

Credit

Debt

Asset

Income

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A short term loan to the government with a fixed rate of return

Stock

Bond

Income

Tax

Answer explanation

Most commonly a savings bond or treasury bond

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money you earn before taxes

Gross

Net

Interest

Taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money you make after taxes; take home pay

Gross

Net

Principal

Social Security

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the Overflow Savings Strategy, how much should you have in your Savings Account at any given time?

$5,000

Enough to cover monthly bills

Enough to cover 6 months' worth of bills

All extra money you get...FOREVER!

Answer explanation

Savings Accounts are for emergencies and short term saving

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