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Personal Finance Week 1&2

Authored by Chad Penley

Other

8th - 12th Grade

Used 25+ times

Personal Finance Week 1&2
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When we study about resources, how they are used, how they are produced and why we use them, then we are studying about?

Economics

Money Marketing

Natural Resources

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The United States currency, also called money, _____ backed by Gold

is NOT

is

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A __________ resource is a resource made from nature, like water, oil, and food.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who collects our taxes when we file them at the end of year?

Congress

Federal agencies

IRS

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a free good and a scarce good?

They are the same

A free good is when the supply is so high, that the price would be zero and a scarce good is when the supply is so low that the price becomes higher than normal.

Free goods are things nobody wants so they are given away, Scarce goods are good that nobody wants but you still have to pay for it.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of these answers are ways that money enters our life, what is the most common way?

Our jobs (employment)

Interest

dividends

rental income

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Check all that apply. What things affect how much money we make at a job?

Rate of taxes

Benefits provided

inflation and deflation

Level of skill and/or knowledge that we possess.

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