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MP4 Business Practicum Review

Authored by Yvonne Galvan

Business

12th Grade

Used 1+ times

MP4 Business Practicum Review
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15 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are the two main types of bank accounts?

Savings and certificates of deposit

CD's and mutual funds

Checking and Savings

Checking and Direct Deposit

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What type of account has the most accessibility to your funds?

CD's

Checking Account

Savings Account

Money Market Account

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What type of account pays the highest interest rate?

CD's

Checking Account

Savings Account

Money Market Account

4.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

_______ is the original sum of money invested or lent.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is NOT an example of investing:

Giving your cousin $5,000 to help start his business, in exchange for 5% of the profits.

Putting $20 per paycheck into an account to help pay for books during college.

Contributing 3% of your paycheck to a 401(k)-plan offered through your job.

Buying shares of stock in your favorite clothing company.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not a true financial benefit of going to college.

A worker with a Masters degree will earn at least $2.7 million.

A worker with a Bachelors degree will earn at least $2.3 million.

A worker with an Associates degree will earn over $1.2 million.

A worker with a high school diploma will not earn more than $500,000.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a secured loan?

Credit Card

Your parents lending you money to buy a car

Mortgage

None of the above

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