Personal Finance Test

Personal Finance Test

12th Grade

20 Qs

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Personal Finance Test

Personal Finance Test

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Nicholas Ward

Used 12+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Getting control of what you spend or ______ wil prevent a downward spiral into debt that may take decades to overcome.

Financing

Budgeting

Saving

Applying for a loan

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

An orgnization that channels savings to investors?

Non- Profit

Commercial Bank

FDIC

Financial Organization

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The most common and safest financial institution

Credit Unions

Investment Banks

Commercial Banks

Finance Companies

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Financial institutions pay customers a percentage of the money that customers deposit into an account. The payment for keeping this money in an account is called?

Interest

Mutual funds

Deposit

Securities

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

An independent agency of the federal government who deal with insuring the money held in bank accounts.

Stockholders

Investment firms

Shareholders

FDIC

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Not- for- profit banks that have been organized for a specific group of people

Commercial Banks

Finance Companies

Credit Unions

Investment Firms

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

These financial institutions make loans directly to consumers who want to pay for large items—such as vehicles or appliances?

Life Insurance Companies

Finance Companies

Investment Firms

Investment Banks

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