Chapter 14 Business Quiz

Chapter 14 Business Quiz

6th - 8th Grade

8 Qs

quiz-placeholder

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Chapter 14 Business Quiz

Chapter 14 Business Quiz

Assessment

Quiz

Fun

6th - 8th Grade

Practice Problem

Easy

Created by

Heather Whitford-Stronks

Used 2+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The 4 reasons why people save are:

so that when they pass away their children will be financially stable

emergency needs, goals, security, and future needs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Saving means...

safely putting $ aside for the future in a bank.

buying proline tickets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Investing is

putting your $ into a bank account.

using your savings to earn extra income.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False? Savings are protected.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False? Investments can be lost completely.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Stocks, mutual funds, bonds, and collectibles are all examples of:

Savings

Investments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False? Simple interest is calculated only on the PRINCIPAL--the amount you DEPOSITED

True

False

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False? COMPOUND interest is calculated on the PRINCIPAL plus any INTEREST already earned.

True

False