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PF FINAL EXAM PRACTICE 2022

Authored by Sheri Schneider

Mathematics

9th - 12th Grade

CCSS covered

Used 1+ times

PF FINAL EXAM PRACTICE 2022
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76 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is NOT a common feature of a financial institution?

Access to investment products

Paper checks

Access to ATMs

Direct Deposit

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which savings account will earn you the most money?

One that compounds interest daily

One that compounds interest monthly

One that earns simple interest daily

One that earns simple interest monthly

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following statements about savings accounts is FALSE?

Savings accounts pay interest on the money you deposit

Savings accounts allow an unlimited amount of withdrawals each month

Savings accounts may require you to maintain a minimum balance to avoid paying a fee

Savings accounts are used to store money for longer term goals.

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A mutual fund is ___________.

A type of debt investment that acts like a loan.

A share of ownership in a company

A type investment that invests in a mix of different type of investments

A type of savings account that pays interest based on current interest rates in the money market.

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following should NOT be considered when setting a current budget?

Your financial goals

Future income

Needs and wants

Savings

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

___________ are good places to look to find your current expenses when building your budget.

Banks and credit unions

Grocery stores and concerts

Bank and credit statements

Online research websites

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.8.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Bank statements, credit statements, and records of cash expenses help you to estimate your ________.

credit score

emergency fund needs

expenses

available investments

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