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Personal Finance Review

Authored by Samantha Ezratty

Social Studies

11th - 12th Grade

Used 4+ times

Personal Finance Review
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When would someone want to consider a single payment loan versus an installment payment.

When the principal is relatively small

when the principal is relatively large

When the interest rate is high

When the interest rate is low

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of tax comes from the money you make from a job and does not fund specific programs like Social Security and Medicare.

Sales tax

Property tax

Income tax

Excise tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This adrenaline junkie term describes any uncertainty with respect to investments that has the potential to negatively affect financial welfare.

Return

Volatility

Liquidity

Risk

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two parts of a loan?

Interest & Dividend

Principal & Dividend

Principal & Interest

Principal & Equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Budgeting

Investment

Spending

Saving

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This represents all the combinations of goods and services that a consumer may purchase given current prices within his or her given income.

Opportunity Cost

Budget Constraint

Supply Curve

Demand Curve

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The U.S. has this type of tax system where high-income earners pay more of their income than those in lower brackets.

Flat tax system

Regressive tax system

Proportional tax system

Progressive tax system

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