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Personal Finance Unit, Part 1

Authored by Austin Block

Social Studies

9th - 12th Grade

Used 6+ times

Personal Finance Unit, Part 1
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are potential costs when renting an apartment EXCEPT...

Security deposit

Electricity

Water

Mortgage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A debit card is used to pay for something by drawing money from...

Your savings account

Your checking account

Your certificate of deposit

Your piggy bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can increase your credit score by doing all of the following EXCEPT...

Paying your fill bill on time each month

Maxing out your credit card

Paying off your student loans every month

Keeping your credit card spending well below your credit limit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Certificates of deposit...

Give you no penalty if you need to take your money out in a hurry

Allow you to invest your money for a certain amount of time with profits depending on economic conditions

Allow you to invest your money for a fixed amount of time with a guaranteed interest rate

Give you a certificate letting you know you deposited your money in the bank

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A difference between a traditional and high yield savings account is...

Traditional savings accounts are only online, while high yield accounts have in-person banks

Traditional savings accounts earn you much more interest

High yield savings accounts don't generate very much interest

High yield savings accounts are only online, while traditional accounts have in-person banks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When searching for a job, you may need all of the following EXCEPT...

High school grades

Resume

Cover Letter

References

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The 50/30/20 rule suggests you should...

Spend 50% of your money on needs, 30% on savings, 20% on wants

Spend 50% of your money on needs, 30% on wants, 20% on savings

Spend 50% of your money on wants, 30% on savings, 20% on needs

Spend 50% of your money on savings, 30% on needs, 20% on wants

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