Semester 1 Final Review
Authored by Salvador (WHS)
Business
12th Grade
Used 11+ times
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32 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a financial instrument that typically offers a fixed interest rate and a specified maturity date?
Credit Card
Debit Card
Certificate of Deposit
Emergency Fund
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of card allows you to make purchases by borrowing money, with the debt accumulating and requiring repayment?
Credit Card
Debit Card
FDIC
Inflation
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a card that is linked to your bank account and allows you to make purchases using your own funds?
Certificate of Deposit
Credit Card
Debit Card
Principal
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a fund set aside for unexpected expenses or financial emergencies?
Emergency Fund
Interest
Principal
FDIC
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does FDIC stand for in the context of banking?
Federal Deposit Insurance Corporation
Credit Limit
Inflation
Interest Rate
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the increase in the general price level of goods and services in an economy over time?
Interest
Inflation
Emergency Fund
Interest Rate
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In a loan, what is the initial amount of money borrowed or the amount of the loan that remains unpaid?
Principal
Credit Card
Collateral
Credit Limit
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