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Developing and Achieving Financial Goals

Authored by NOEL CADENA

Social Studies

12th Grade

Used 5+ times

Developing and Achieving Financial Goals
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22 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of trade-off?

The process of earning interest on both the original amount of money and the interest already earned

The act of putting money, time, or effort into something with the expectation of achieving a profit

The value of the next best alternative that you give up when making a choice

The percentage at which a lender charges interest on a loan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of opportunity cost?

The act of putting money, time, or effort into something with the expectation of achieving a profit

The percentage at which a lender charges interest on a loan

The value of the next best alternative that you give up when making a choice

The process of earning interest on both the original amount of money and the interest already earned

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of compounding?

The percentage at which a lender charges interest on a loan

The act of putting money, time, or effort into something with the expectation of achieving a profit

The value of the next best alternative that you give up when making a choice

The process of earning interest on both the original amount of money and the interest already earned

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are interest rates?

The process of earning interest on both the original amount of money and the interest already earned

The value of the next best alternative that you give up when making a choice

The percentage at which a lender charges interest on a loan

The act of putting money, time, or effort into something with the expectation of achieving a profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are investments?

The act of putting money, time, or effort into something with the expectation of achieving a profit

The value of the next best alternative that you give up when making a choice

The percentage at which a lender charges interest on a loan

The process of earning interest on both the original amount of money and the interest already earned

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the time value of money related to?

The value of the next best alternative that you give up when making a choice

The process of earning interest on both the original amount of money and the interest already earned

How money can grow over time due to interest earned

The act of putting money, time, or effort into something with the expectation of achieving a profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of starting early on compounding?

It has a negative impact on the future value of money

It has no impact on the future value of money

It significantly impacts the financial future

It only impacts the future value of money slightly

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