Personal Finance Review

Which tax takes a higher percentage of income from someone who makes more money?

• progressive

• proportional

• regressive

Which tax takes the same percentage of income no matter how much money you make?

• progressive

• proportional

• regressive

A sales tax is _____ because it takes a higher percentage of income from those who make less.

• progressive

• proportional

• regressive

Which of the following types of investment carries the least risk?

• stocks

• bonds

• mutual funds

Which of the following types of investment carries the most risk?

• stocks

• bonds

• mutual funds

The greater the __________, the greater the _______________.

• risk, return

• supply, demand

• stocks, bonds

• tax, interest rate

You want a bank that charges a _____ interest rate and pays out a _____ interest rate earned.

• higher, lower

• lower, higher

• higher, higher

• lower, lower

Which type of insurance provides your family with money when you die?

• health

• disability

• life

• automobile

Which type of insurance assists you when you get hurt and cannot work?

• health

• disability

• life

• property

Property taxes

• are greater on more valuable property.

• pay for private goods.

• are distributed evenly to every county.

• decrease as property value increases.