2023 Final
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Dave Bodamer
Used 1+ times
FREE Resource
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that is owned by an individual, including money in the bank or investments.
Asset
Income
Liability
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A written plan for giving, saving, and spending.
Budget
Expense
FInancial Plan
Variable Expense
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something owned (that has value) offered as security on a debt; if the debt is not repaid as agreed, teh item is forfeited to the lender.
Collateral
Equity
Credit
Expense
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest paid on interest previously earned.
Compound Interest
Interest
Liability
Tax Liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The granting of a loan and the creation of debt; any form of deferred payment.
Credit
Credit Union
Interest
Deficit Spending
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money owed to another person or company.
Debt
Default
Interest
Tax Liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Failure to repay a loan on time.
Default
Deferred
Debt
Tax Liability
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