CIL Personal Finance Review 1
Authored by Shawna Michelena
Financial Education
11th Grade
Used 1+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a component of creating a monthly budget?
Creating Financial Goals
Calculating Net Worth
Risk Avoidance
Assets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of interest involves earning interest on both the initial principal and the accumulated interest from previous periods?
Simple
Compound
Variable
Fixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which investment option is typically considered to have the highest risk?
High-Yield Bank Account
Stocks
Savings
Bonds
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key strategy to manage financial risk?
Creating a Monthly Budget
Risk Avoidance
Calculating Net Worth
Common Budget Strategies
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a feature of a 401 K Plan?
Qualified Tuition Plan
Money Market Fund
Investing in Real Estate
Retirement Savings
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