Semester 1 Final Review

Semester 1 Final Review

12th Grade

32 Qs

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Semester 1 Final Review

Semester 1 Final Review

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Salvador (WHS)

Used 11+ times

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32 questions

Show all answers

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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