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unit 6 review

Authored by Justin Lee

Financial Education

12th Grade

Used 8+ times

unit 6 review
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Henry, Ethan, and Noah are playing a treasure hunt game. They need to understand how money acts as a measure of value. This means:

it is easily recognizable by everyone in the game

can be broken up into smaller units for easy trading

money may be stored in their treasure chest for future use

expresses worth in terms that all players can understand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Benjamin, Ava, and William are discussing investment options at a fun finance-themed party. Benjamin raises a question that sparks everyone's interest: 'Which of the following has the highest level of investment risk?'

Savings accounts

Retirement Accounts

Index Funds

Stocks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Aiden is exploring the world of home ownership. He stumbles upon an online amortization tool. What exciting feature can it show him?

who has the best mortgage rates

what are the current mortgage rates

how mortgage payments on a fixed loan can look from month to month

how speculative investments on a fixed loan can look from month to month

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Emma, Avery, and William are on a treasure hunt. They find a chest full of coins! Now, they're curious about the exchange of money. What does it refer to?

how much my money is worth

how easy I can spend my money in a store

how much money I have in my bank account

how long money can last over time

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Daniel, Grace, and Anika are on a treasure hunt. They find a chest full of gold coins! Before they start dreaming about spending their riches, they want to calculate the amount of money they've found, but WITHOUT taking into account pesky pirates' taxes and the inflation caused by too many gold coins flooding the market. This calculation refers to:

real returns

simple interest rates

apr

nominal returns

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Aria, Nora, and Priya are discussing investment options for their new club. They want something with the lowest level of investment risk. Which option would you recommend to them?

Stocks

Savings accounts

Retirement accounts

Certificates of Deposits (CD’S)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Aria walks into a pawn shop with a vintage guitar. After how many missed payments will the shop officially keep Aria's guitar?

One

Two

Three

Four

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