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Personal Money Management

Authored by Brenda Walther

Business

12th Grade

Used 1+ times

Personal Money Management
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73 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The disadvantage to using credit cards to pay for goods and services is that you

pay interest on purchases
earn quarterly dividends
establish a credit rating
defer cash payments.
defer cash payments.

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following would be the most appropriate item to purchase with a credit card:

Airline ticket
Small pizza
Pack of gum
Magazine
Magazine

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Every year since she was born, Sophia's grandparents invested $100 on her birthday. Sophia is now 18 and the investment has grown large enough to pay for most of her college expenses. Her grandparents explain that this is because her money has grown in two ways: by earning interest, and then by earning interest on that interest. This is an example of

compound interest.
simple interest
present value.
inflation.
inflation.

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Lyla is applying for a loan to buy a house for the first time. Which of the following should she be certain to do when applying for the loan:

Read all paperwork carefully
Inaccurately report her debts
Overstate her assets
Sign blank documents
Sign blank documents

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

An individual who decides to save a certain amount every month in order to have enough money on hand to buy a car in two years is

setting financial goals.
opening an account.
making an investment.
analyzing economic conditions.
analyzing economic conditions.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

If you are 17 right now, what is the best age to begin investing?

17
27
32
25
25

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

When organized people look at the week's projects and decide which ones should be done first, they are __________ activities.

prioritizing
scheduling
classifying
identifying
identifying

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