Economics Final Review

Economics Final Review

12th Grade

17 Qs

quiz-placeholder

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Economics Final Review

Economics Final Review

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Jeremy Solis

Used 53+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Term that applies to the ability to buy something now and pay for it later over a period of time (usually with having to pay a finance charge and/or the addition of interest). 

Savings
Profit
Budgeting
Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost of credit expressed as a yearly percentage 

Mortgage
Principal
APR
Finance company

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of retirement account offered by employers to their employees allows them to set aside tax-deferred income.  Sometimes employers will even match the employee contribution up to a certain amount.

mutual fund
401(k)
Roth IRA
savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cost of borrowed money, usually expressed as a percentage.

interest
savings plan
scarce
purchase

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

401(k), IRA, and Roth IRA are all examples of a __________ account.

Retirement
College Savings
Low Interest
Stock

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is an obligation of repayment, usually including principal plus interest; any time you owe someone money.

compound interest
emergency fund
APR
debt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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mutual fund
emergency fund
sinking fund

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