Personal Finance Final Exam Review

Personal Finance Final Exam Review

9th - 12th Grade

50 Qs

quiz-placeholder

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Personal Finance Final Exam Review

Personal Finance Final Exam Review

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

Jennifer Florian

Used 8+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A money principle to keep in mind is to live on ____________ you make.

Exactly 20% below
More than
Less than

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

You should always make sure you have a…

Budget
Credit line
Direct deposit

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What does living paycheck to paycheck mean?

Living paycheck to paycheck is an expression used to describe a situation when someone eagerly awaits their next paycheck to plan for the month’s expenses.

Living paycheck to paycheck occurs when a person’s income is devoted to expenses which, in turn, means that little to no money is put in savings.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Personal Finance is 20%__________ and 80%____________.

Behavior; Saving
Head knowledge; Behavior
Budgeting; Head knowledge
Spending; Wealth

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Why do some accounts, like savings accounts at your local bank, earn interest?

Because you deposit money, adding to your principal each month
Because the bank pays you to use your money
Because of inflation
Because those accounts always have great interest rates

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Compound interest is earned at a fixed rate, while ____________ is an average based on an investment's past performance.

Compound growth
The Fifth Foundation
Interest rate
The principal

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Banks and lenders use credit scores to determine . . .

The likelihood that someone is able to repay debt
How much collateral someone has available to put up for a loan
A person's financial responsibility
How successful someone is

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