Economics and Personal Finance Final Study Guide

Economics and Personal Finance Final Study Guide

12th Grade

35 Qs

quiz-placeholder

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Economics and Personal Finance Final Study Guide

Economics and Personal Finance Final Study Guide

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic concept refers to the absence of restrictions or barriers on the exchange of goods and services between countries?

Protectionism

Free trade

Import quota

Embargo

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are all examples of Trade Barriers?

Import quota, Subsidies, Embargos

Tariffs, Comparative Advantage, Monetary Policy

Comparative Advantage, Fiscal Policy, Monetary Policy

EU, NAFTA, ASEAN

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country's currency appreciates, how does it typically affect consumers?

Decreases purchasing power

Increases purchasing power

Does not impact purchasing power

Decreases inflation rates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit score is used to assess an individual's:

Ability to pay off debt

Net worth

Tax liability

Investment risk tolerance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of investment generally carries the highest level of risk?

Individually Traded Stocks

Government Bonds

Cryptocurrency

Savings Accounts

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the primary function of insurance?

protects against financial loss

It guarantees investment returns

It provides tax deductions

It offers leverage in stock trading

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of insurance typically covers funeral costs and estate final expenses?

Health insurance

Life insurance

Homeowner's insurance

Auto insurance

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