Personal Finance

Personal Finance

10th Grade

20 Qs

quiz-placeholder

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Personal Finance

Personal Finance

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

benjamin dotson

Used 7+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
This type of interest "creates a mathematical explosion," and it can make you wealthy over time, or keep you in debt for a long time.
compound
sinking
annual

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

The cost of borrowed money, usually expressed as a percentage.
interest
savings plan
scarce
purchase

4.

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

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What does CD stand for when talking about investments?
Calculated Dividend
Certificate of Deposit
Central Dollar
Current Deposit

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image
A mutual fund allows investments to be ___________.
Secured
Guaranteed
Diversified
Minimal

7.

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

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