Unit 1 Personal Finance Quiz

What are Consumer Prices?

• The total amount of prices.

• A thing intended

• The prices paid by people for goods and services.

• The state of being.

What is Money Supply?

• The amount of money in a store.

• The total amount of Money in Circulation.

• The action of all the money.

• The condition of the money.

A financial Institute

• Wealth

• Security

• Credit Cards

• Bank

Checking and Savings is two types of

(a)  

Savings Accounts

• Earn Interest

• Can write checks

• Helps pay bills

• Is not important

Loan, you the consumer have to pay back?

(a)  

Tips for online banking include

• Use the bank computer

• Share you password

• Strong password

• Answer every email from the bank

Interest Rates are

• The action of keeping away

• The amount a lender charges

• The action of delaying

• The amount of money in circulation

True or False, It is important to set money goals?

(a)  

On checks, pay to the order is for?

• Amount you are paying

• What the check is for

• Your Signature

• Name of Company