
Personal Finance 1
Quiz
•
Specialty
•
9th Grade
•
Medium
Used 12+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a way to invest in a business?
Purchase publicly-traded stock
Start your own business
Invest in someone else’s business
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most basic life insurance is
Universal Life
Whole Term
Term Life
Whole Life
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bond pays
Profit
Dividend
Interest
Premium
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An auto loan
Is available for terms of 3, 4, 5, and 15 years
Is an installment loan which is paid monthly
Usually requires no collateral
Can only be offered for a car sold at sticker price
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Renters insurance covers the
Rent Payment
Renters Dwellings
Renter's Belongings
Deductible
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A down payment
Increases risk to lender
Must be 30%
Is portion of what borrower puts up front
Is never more than $10,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something of value that is pledged as security for a loan is called
a lien
collateral
principal
dividend
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