Foundations in Personal Finance  Chapter 2 Test

Foundations in Personal Finance Chapter 2 Test

9th - 12th Grade

22 Qs

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Chapter 2

Chapter 2

Foundations of Personal Finance-Module 2

Foundations of Personal Finance-Module 2

Foundations in Personal Finance  Chapter 2 Test

Foundations in Personal Finance Chapter 2 Test

Assessment

Quiz

Mathematics

9th - 12th Grade

Easy

CCSS
7.RP.A.3, 6.RP.A.3B, 4.NF.A.1

+4

Standards-aligned

Created by

Sherrie Beyen

Used 4+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

An account that generates interest income on the available balance in the account

Interest Bearing Account
Compound Interest
Simple Interest
Inflation

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The five steps to financial success

The Five Compliments
The Five Foundations
The Five Freedom Steps
The Five Money Saving Steps

Tags

CCSS.4.NF.A.1

CCSS.5.NF.B.5B

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

A savings account that is set aside to be used only for emergency expenses

Safety Fund
Emergency Fund
Savings Fund
Expense Fund

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Interest paid on interest previously earned

Simple Interest
Frequent Interest
Interest Account
Compound Interest

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Saving money over time for a large purchase

Savings Account

Sinking Fund

Checking Account

Interest Bearing Account

Tags

CCSS.5.NBT.A.2

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

A rate which is either charged (on debt) or paid (on investment accounts) for the use of money

Interest Rate
Savings Rate
Inflation Rate
Interest Percentage

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The persistent increase in the cost of goods and services or the persistent decline in the purchasing power of money

Deflation
Interest
Inflation
Recession

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