
Personal Finance Banking
Quiz
•
Other
•
12th Grade
•
Practice Problem
•
Medium
Michael Cassidy
Used 6+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount you earn as benefit of depositing money in an interest bearing account
inflation
interest
principle
Rule of 72
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rate at which price of goods increases and consumer purchasing power decreases
deflation
interest
inflation
compound interest
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Automatic electronic deposit of net pay to employee's bank account
FDIC
standard deposit
Certificate of Deposit
direct deposit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
US corporation insuring deposits in US banks against bank failure
CD
FDIC
Rule of 72
HSA
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Original amount of money saved or invested
principal
deposit
emergency fund
direct deposit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Popular trick to find out how long it will take for your money to double
Rule of 12
Rule of 24
Rule of 36
Rule of 72
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest paid on the principal alone
interest
simple interest
compound interest
inflation
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