Saving Money
11th Grade
•10 Qs
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Saving Money
Quiz
•
Business
•
11th Grade
•
Practice Problem
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Medium
Angela Smith
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a savings account set up specifically to be used to cover financial emergencies
Emergency Fund
Large Purchase
Interest Rate
Accrued Interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a purchase that requires a significant amount of money
Principal
Large Purchase
Compound Growth
Compound Interest
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the percentage of principal charged by the lender for the use of its money
Inflation
Time Value of Money
Interest Rate
Rate of Return
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
Interest Rate
Emergency Fund
Large Purchase
Accrued Interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the average rate of growth for an investment over time; often expressed as an annual figure
Accrued Interest
Compound Interest
Compound Growth
Interest Rate
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
interest paid on interest previously earned
Interest Rate
Compound Interest
Compound Growth
Principal
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the initial amount of money invested or borrowed
Principal
Rate of Return
Inflation
Time Value of Money
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