APF Final Exam Review 1

APF Final Exam Review 1

9th - 12th Grade

25 Qs

quiz-placeholder

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APF Final Exam Review 1

APF Final Exam Review 1

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Jennifer Florian

Used 11+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements best defines Opportunity Cost?

What you can obtain for an item at a later time

How helpful an item is given the context of a current situation

How well something satisfies a person's wants or needs

What we lose by giving up the other provided choice

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A card that borrows money but it has to be paid back

Debit Card 
Credit Card 
Baseball Card 
Pokemon Card 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A card that uses money directly from your bank account

Debit Card 
Credit Card 
Pokemon Card 
Baseball Card 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The maximum amount the lender is willing to make available to the borrower.

Credit Limit
Credit History
Creditor
Debit Limit 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

An agreement between a borrower and a lender, where the borrower agrees to repay money with interest over time.

Loan 
Interest 
Income 
Deposit  

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A mortgage is used for ...

Buying a new machine
Buying a new vehicle
Buying land or premises
Paying staff wages

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost of credit expressed as a yearly percentage 

Mortgage
Principal
APR
Finance company

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