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Social Studies

12th Grade

Used 13+ times

Personal Finance Review
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

What are your total earnings before taxes and deductions called?

Gross Pay

Net Pay

Sources of Income

Pre-Tax Savings

2.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

What is the cost to borrow money called?

Credit

Interest

Capacity

Collateral

3.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

What is a number that predicts how likely you are to pay back a loan?

Credit Limit

Credit Report

Credit Score

Credit Card

4.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

What is an individual’s ability to repay a loan known as?

Capacity

Character

Collateral/Capital

Credit

5.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

What is an individual’s reliability to repay a loan known as?

Capacity

Character

Collateral/Capital

Credit

6.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

This occurs when an individual's assets are repossessed in the attempt to repay a loan.

Capacity

Character

Collateral/Capital

Credit

7.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

This is your total income after taxes and deductions are taken out.

Gross Pay

Net Pay

Pre-Tax Savings

Sources of Income

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