Money Management and Retirement Planning

Money Management and Retirement Planning

12th Grade

10 Qs

quiz-placeholder

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Money Management and Retirement Planning

Money Management and Retirement Planning

Assessment

Quiz

Business

12th Grade

Hard

Created by

Ramon Torres

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is net worth?

The value of the things that you own divided by the amount of money you owe

The value of the things that you own plus the amount of money you owe

The value of the things that you own minus the amount of money you owe

The value of the things that you own multiplied by the amount of money you owe

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way to be a smart consumer?

Avoid comparison shopping

Avoid impulse buying

Always choose the cheapest option

Never seek financial advice

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the cheapest thing not always the best?

The cheapest thing is always out of stock

The cheapest thing is always overpriced

The cheapest thing may need frequent repairs or replacement

The cheapest thing is always of low quality

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can down payments be beneficial?

They lower the amount you borrow

They increase the amount you borrow

They increase the interest rate on loans

They increase the monthly payment on loans

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is having a money management system important?

To increase debt and spending

To avoid seeking financial advice

To spend money impulsively

To keep track of finances and budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of retirement planning?

To prepare for life after retirement

To rely solely on Social Security benefits

To continue working indefinitely

To save money for vacations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the Social Security system?

To eliminate the need for retirement planning

To ensure financial stability during old age

To cover all expenses after retirement

To provide full retirement benefits at age 67

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