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Living the Dream Project Test Review

Authored by Wendy Chism

Social Studies

9th - 12th Grade

25 Questions

Used 2+ times

Living the Dream Project Test Review
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This type of interest "creates a mathematical explosion," and it can make you wealthy over time, or keep you in debt for a long time.

compound
sinking
annual

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost of credit expressed as a yearly percentage 

Mortgage
Principal
APR
Finance company

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

401(k), IRA, and Roth IRA are all examples of a __________ account.

Retirement
College Savings
Low Interest
Stock

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This term refers to the original amount of a loan OR the original amount of money invested. 

Principal
Interest
Rebate
Fixed Rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The availability of money; how quickly you can convert it into cash in your hand is its _______.

diversity
liquidity
yield
gratuity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which budget item will most likely take up the largest percentage of your income at 25-30%?

transportation

housing

groceries

saving/investing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial product purchased by many people facing a similar risk to protect against the risk of larger losses

Premium

Policy

Insurance

Risk

Deductible

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