Chapter 18: Personal Finance

Chapter 18: Personal Finance

12th Grade

25 Qs

quiz-placeholder

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Chapter 18: Personal Finance

Chapter 18: Personal Finance

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Jon Wrigley

Used 3+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A movement to educate buyers about the purchases they make and to demand better and safer products from manufacturers.

Consumerism

Capitalism

Communism

Laissez Faire

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select all of the rights for consumers, in the "consumer bill of rights"

Right to Safety

Right to best deal

Right to be Informed

Right to Consumer Education

Right to Choose

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name for an item that does not have a brand name but is basically similar to a more expensive, well known product?

Generic Good

Non-Branded Good

Inferior Good

Superior Good

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The promise by a producer to repair or replace a faulty product within a certain time frame.

refund
guarantee
discount
warranty

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the economic term called when I buy a good that was not planned?

Random purchasing
Spontaneous buying
Unplanned acquisition
Impulse buying

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the money remaining after all the taxes have been paid?

Revenue

Gross income
Taxable income
Disposable income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the plan for making and spending money called?

savings
investment
shopping
budget

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