Chapter 7 ECON

Chapter 7 ECON

12th Grade

10 Qs

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Chapter 7 ECON

Chapter 7 ECON

Assessment

Quiz

Other

12th Grade

Practice Problem

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Created by

Jacob Simon

Used 3+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total amount of money that is earned

Gross Income

Fixed Expense

Net Income

Mortgage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an expense that does not change from month to month

Fixed Expense

Variable Expense

Net Income

Loan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a loan to buy a house

Principal

Budget

Mortgage

Variable Expense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of money a person actually takes home after taxes and other expenses are subtracted from gross income

Budget

Loan

Net Income

Principal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an expense a person must pay each month, but its amount might change

Mortgage

Variable Expense

Loan

Budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money borrowed from a bank

Fixed Expense

Mortgage

Loan

Gross Income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount of money borrowed when someone takes out a loan.

Mortgage

Principal

Variable Expense

Loan

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