W!SE Practice Test - Napier

W!SE Practice Test - Napier

9th - 12th Grade

40 Qs

quiz-placeholder

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W!SE Practice Test - Napier

W!SE Practice Test - Napier

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Dana Napier

Used 11+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement best describes purchases made with a debit card?

Purchases made with this card are subject to interest.

Purchases made with this card can be paid over time.

Purchases made with this card are withdrawn directly from a bank account.

Purchases made with this card are subject to a credit limit.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is one advantage of using a credit card over a debit card?
Using a credit card never has an advantage over using a debit card. 
Colleges may look at a person's credit history before accepting them into school.
Apartment managers or landlords may look at a person's credit history before renting. 
Using a credit card responsibly can build positive credit history. 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The “time value of money” means that...

money paid out today has less value than if the money is paid out in the future.

money received today is worth more than the same amount of money received in the future.

the more time a person has to save, the lower the return on the money.

the longer money is held, the less likely it will be spent.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of an opportunity cost is

buying a dress at a sale price instead of paying the original price.

using coupons when food shopping.

buying concert tickets instead of buying a textbook for a course.

using a credit card when making a large purchase.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do banks use the money a person deposits into their savings account?

The bank is able to use the money to earn profits.

It is a requirement of the Federal Deposit Insurance Corporation (FDIC).

It helps the bank invest in the local community.

It is a benefit of having a bank credit card.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be considered an asset?

Certificate of Deposit

Student Loan

Credit Card Account

Car Loan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Investments with higher returns generally have higher

risk

fees

liquidity

deductibles

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