Economics Final Semester Exam

Economics Final Semester Exam

12th Grade

50 Qs

quiz-placeholder

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Economics Final Semester Exam

Economics Final Semester Exam

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which term refers to an individual's history of debt repayment?

low-risk borrower

credit history

credit score

credit rating

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which financial service is specifically designed to protect depositors against the loss of their deposits if a bank fails?

Federal Deposit Insurance Corporation (FDIC)

Electronic Funds Transfer (EFT)

Overdraft

Stop-payment order

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

What does “Less Cash” mean on a deposit slip?

Amount of cash you want back

Sum of all the items deposited

Amount of cash you want to deposit

Amount of checks you want to deposit

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is typically included in employee benefits?

Health insurance, retirement plans, and paid leave

Bonuses based on company performance

Deductions from salary for taxes

Unpaid volunteer opportunities

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What financial benefit is missing when renting an apartment but it is in home ownership?

High mobility

No tax benefits

Utility coverage

High rental fees

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the earnings per pay period for a biweekly pay schedule with an annual salary of $42,120?

$3,510

$1,620

$810

$1,755

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is considered an advantage of renting your first apartment according to the slide?

Increased financial responsibilities

Limited mobility

More free time

Higher financial risk

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