Chapter 3 Assessment

Chapter 3 Assessment

12th Grade

22 Qs

quiz-placeholder

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Chapter 3 Assessment

Chapter 3 Assessment

Assessment

Quiz

Other

12th Grade

Easy

Created by

Andrew Trewin

Used 25+ times

FREE Resource

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

45% of Americans have less than $______ saved for an emergency

1000

500

100

10,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Paying for things in your past means you’ll have less ________ with your money

incentives

freedom

debt

credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first step you should take when you want to make a large purchase is . . .

Ask your parents to loan you the money with low interest

Decide how much you'll need to save and the time frame you want to save it in

Sell something and use the proceeds

Get a new credit card

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You should never touch your $______ emergency fund?

1,000

500

250

5,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A savings account is the best place for your __________________

Emergency Fund

Retirement $

Fun Money

New car fund

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The bank pays you for using your money. What is this payment called?

Deposits

Inflation

Principal

Interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is cheaper to finance a car than to buy a car with cash?

True

False

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