Personal Finances
Authored by Rebekah Krawiec
Life Skills
9th - 12th Grade
Used 16+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A debt evidenced by a "note," which specifies the principal amount, interest rate and date of repayment
loan
net worth
down payment
investment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sum paid or charged for the use of money or for borrowing money
interest
net worth
FICA
property tax
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan to purchase a home or other real estate
mortgage
budget
state tax
net worth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a portion of the total cost of an item that must be paid at the time of purchase
down payment
FICA
investment
insurance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a bank account that earns interest
savings account
investment
checking account
debit card
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A retirement account offered through an employer, where an employee can contribute money from his or her paycheck before or after taxes.
401K
Income
investment
state tax
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account that allows quick access to funds for transactions
checking account
investment
mortgage
budget
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