Personal Finance Homework #10

Quiz
•
Mathematics
•
12th Grade
•
Easy
Standards-aligned
Barbara Renna
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
collision
premium
insurance
deductible
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The out of pocket cost to the insured when a loss occurs is called...
Premium
Deductible
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A document containing an individual's financial information focusing on payment of their credit obligations over time
Net Worth
Thin File
Credit
Credit Report
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A three-digit number (ranging from 300-850) based on an individual's credit history detailed in a credit report
Credit Score
High Rate Method
Bankruptcy
Credit History
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A measurement of your assets (money you've saved or things of value you own) minus your liabilities (money you owe others); also called wealth
Credit History
Credit Score
FICO Score
Net Worth
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which should you use when creating a budget - your NET PAY or GROSS PAY?
Net pay, because it’s what is reported to the government by your employer for tax purposes
Gross pay, because it’s the total amount you’ve earned that month
Net pay, because it’s the total amount you’ve earned minus taxes and other deductions
Gross pay, because it’s the total amount you’ve earned minus any recurring bills you owe for the month
Tags
CCSS.6.RP.A.3B
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is cognitive bias?
A logical strategy humans use to come to a decision that is in their best interest
An argument that is based on fact, usually backed up by scientific evidence
A theoretical-based approach to solving problems that most humans face
A systematic error in thinking that can influence humans’ decisions and judgements
Tags
CCSS.RL.5.6
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