Personal Finance Final Exam

Personal Finance Final Exam

11th Grade

35 Qs

quiz-placeholder

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Personal Finance Final Exam

Personal Finance Final Exam

Assessment

Quiz

Professional Development, Social Studies

11th Grade

Practice Problem

Easy

Created by

Colin Wright

Used 23+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A reason that people need to save and invest is to:

Enable their money to make money

Increase the money supply

Be able to get anything they want

Have an opportunity to talk with financial service providers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A retirement plan found in nonprofit organizations such as churches, hospitals, and schools

GIC

457

401(k)

403(b)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Employee benefits packages:

Should not be a consideration when looking for a job

Never include retirement plans

Are the same regardless of the company you work for

Are non-wage compensations provided to employees in addition to their normal wages or salaries

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Single stocks and mutual funds carry the same amount of risk.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You should start investing as soon as you have your college education funded.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Getting the best deal on a purchase involves doing all of the following except:

Having patience

Negotiating

Being first in line for a new product

Shopping around to find the best deal

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is typically not a good place to find a deal?

Online Auctions

Individuals

Malls

Consignment shops

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