Foundations in Personal Finance Unit 2

Foundations in Personal Finance Unit 2

9th - 12th Grade

20 Qs

quiz-placeholder

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Foundations in Personal Finance Unit 2

Foundations in Personal Finance Unit 2

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Tess Cochran

Used 6+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 3 pts

The cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan is the

credit report

annual percentage rate

Debt Snowball

Myth

2.

OPEN ENDED QUESTION

3 mins • 4 pts

Describe the negative consequences of taking on debt. What effect can debt have on your future?

Evaluate responses using AI:

OFF

3.

MULTIPLE CHOICE QUESTION

1 min • 3 pts

A money myth that portrays student loans as the only financial option when it comes to funding one's college education

FAFSA

Mentorship

"Good Debt"

Grant

4.

MULTIPLE CHOICE QUESTION

1 min • 3 pts

To buy an item with credit; paying over time.

Financing

Caveat Emptor

Marketing

Branding

5.

MULTIPLE CHOICE QUESTION

1 min • 3 pts

Type of card issued by a bank that allows users to finance a purchase.

Driver's license

Prepaid card

Debit card

Credit card

6.

OPEN ENDED QUESTION

3 mins • 4 pts

What is the difference between a credit report and a credit score?

Evaluate responses using AI:

OFF

7.

FILL IN THE BLANK QUESTION

1 min • 3 pts

True/False You must establish credit in order to buy a house.

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