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Money Test #2

Authored by Caden Mathis

Mathematics

12th Grade

CCSS covered

Used 4+ times

Money Test #2
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is debt?

Another word for death

Something, typically money, that is owed or due

A loan on which you do not have to pay interest

That which is incurred during childhood and consummated in college

Tags

CCSS.L.8.5A

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

What is a credit score?

a number between 300 and 850 representing your creditworthiness

a statistical number that evaluates a consumer's trustworthiness and is based on credit history.

The higher it is, the better your credit is

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is an interest rate?

it is your level of interest about a certain topic expressed as a percentage of your total interest

The amount in terms of dollars that you have to pay back on a purchase

it is the rate at which your interest in something expires. The higher the number, the quicker your interest expires

The amount in terms of a rate or percentage that you have to pay back on an amount borrowed

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an exceptional credit score?

672

555

713

813

Tags

CCSS.7.NS.A.2C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The least amount that must be paid on a credit card each month is

Late Fee
Credit Limit
Payment amount
Minimum Payment

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money from nonprofit and private organizations that do not need to be repaid.

Grants

Scholarships

Financial Bonus

Beneficiary

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

A key difference between saving and investing is

Saving is for everyone, investing is for the wealthy

Your money is insured when investing, it is not in savings

Investing has a guaranteed return, savings does not

Saving is for emergencies & goals, investing is for long-term wealth

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