Financial Math Basics Review
Authored by Robin Adams
Mathematics
12th Grade
CCSS covered
Used 45+ times
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25 questions
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1.
DRAG AND DROP QUESTION
1 min • 4 pts
Which of the following involves a lending institution allowing a consumer to borrow money and then pay back some or all of it each month? (a)
2.
MULTIPLE CHOICE QUESTION
45 sec • 4 pts
Which type of interest is only calculated on the original principal?
Simple
Compound
Fixed
Variable
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
45 sec • 4 pts
The cost of borrowing money is called....
wealth
Taxes
Insurance
interest
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
45 sec • 4 pts
Which of these is an employee-sponsored retirement savings plan?
Roth IRA
401k
Traditional IRA
Money Market Account
5.
MULTIPLE CHOICE QUESTION
45 sec • 4 pts
Which of the following is a banking account that allow withdrawals and deposits? (Usually comes with a debit card)
Credit Card
Savings Account
Checking Account
Mutual Fund
6.
MULTIPLE CHOICE QUESTION
45 sec • 4 pts
Which is an example of a need?
Six Flags Season Passes
A new car
The newest iPhone
Housing
7.
MULTIPLE CHOICE QUESTION
45 sec • 4 pts
Which of the following types of interest stays the same even if the market interest rates change?
Annual
Compound
Fixed
Variable
Tags
CCSS.8.EE.C.7B
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