Money Management

Money Management

12th Grade

•

28 Qs

quiz-placeholder

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Money Management

Money Management

Assessment

Quiz

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Social Studies

•

12th Grade

•

Practice Problem

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Medium

Created by

Allison Burtt

Used 3+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you determine how much a person is worth?

how much they owe

how much they own

assets - liabilities

liabilities - assets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate debt ratio?

liabilities/net worth

assets/net worth

assets/liabilities

assets - liabilities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean if a person has a low debt ratio?

they are better off financially

they are worse off financially

it has no influence on their financial status

they have bad financial planning habits

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of financial planning?

it helps you achieve personal goals

it gives you lower expectations

it makes investments less risky

it helps you protect your assets and reach your financial goals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should NOT be a consideration in financial planning?

retirement planning

budgeting

how much you like to gamble

personal values and principals

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A will is a legal document that discusses what?

how much of your life insurance policy will go to your beneficiary

distribution of your property (assets) and the care of minor children

who will pay your debt after you die

who is in charge of your health care decisions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who can NOT be a beneficiary for your will?

you

spouse

children

executor

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