Personal Finance Chapters 4-9 Test

Personal Finance Chapters 4-9 Test

12th Grade

50 Qs

quiz-placeholder

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Personal Finance Chapters 4-9 Test

Personal Finance Chapters 4-9 Test

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Trent Thompson

Used 49+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items of value that a person owns

assets

financial plan

cash deficit

wealth

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A spending and saving plan based on expected income and expenses

3.

MATCH QUESTION

1 min • 1 pt

Match the following

wealth

Costs that can vary each month in both amount and type

net worth

an accumulation of assets

variable expenses

Debts owed to others

liabilities

assets minus liabilities

disposable income

Money you have left to spend or save after taxes and deductions

4.

OPEN ENDED QUESTION

3 mins • 1 pt

Why would you prepare a net worth statement?

Evaluate responses using AI:

OFF

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An invitation to enter a contract

offer

acceptance

capacity

warranty

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A statement assuring quality and performance of a product or service

consigner

counteroffer

acceptance

warranty

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who promises to pay the debt of another person

capacity

cosigner

frauds

offer

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