Module 2 Review

Module 2 Review

12th Grade

10 Qs

quiz-placeholder

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Module 2 Review

Module 2 Review

Assessment

Quiz

Special Education

12th Grade

Practice Problem

Hard

Created by

Amy Commer

Used 4+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Eric recently graduated from college and has a goal of owning his own home by the time he is 30 years old. What tool should he be using him to help him plan how to spend his money?

budget

credit card

mutual fund

insurance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended percentage of your monthly income that should be devoted to housing? 

20%
50%
40%
30%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What category would your electricity bill that varies each month fit in?

Recurring Expenses
Monthly Expenses
Variable Expenses
Fixed Expenses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would you need if you decided to rent a place to live rather than purchase it?

Mortgage deed

Renter's Insurance

Rental deed

Title insurance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of taking a 30 year fixed mortgage compared to other options? 

Lower interest rates
Flexibility in payment terms

Lower monthly payments

Higher chance of approval

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Yashiro has been hired by a local fast food restaurant. His new boss tells him to bring a voided check with him to sign paperwork so that he can be paid. What bank product will he be signing up for?

Cashback Rewards
Certificate of Deposit
Money Order
Direct Deposit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best reason to avoid using overdraft protection offered by a bank?

High fees and interest charges
Guaranteed financial security
Low fees and interest charges
Convenient access to extra funds

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