
untitled
Quiz
•
Other, Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
Sarah Dobry
Used 2+ times
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36 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which category are a new car, designer clothes, and gaming systems?
wants
needs
values
income
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is saving important?
because the future is unpredictable
because people need to buy goods and services to grow the economy
because protecting assets such as a house and vehicles is critical in case of accidents
because people need to support local banks and credit unions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When Greg received his first paycheck, he was suprised to see it was much lower than expected. He had not considered the regular deductions that would be taken out of his check. The amount Greg received is referred to as:
gross income
net income
hourly wage
weekly wage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When Miranda opened her credit card bill, she was suprised to see that the amount she owed was more than the cost of the things she had purchased. What is the probable cause of this difference?
credit
debit
interest
equity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sally is excited about her new job. The salary she was quoted for the position does not have deductions taken out of the amount. What type of income was Sally quoted to earn?
gross income
net income
hourly income
weekly income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Samantha is looking for an institution for her money management. She is looking for an account that pays interest on deposits, does not have check writing privileges, and has easy withdrawal access on demand. Which type of account would be best for Samantha?
checking account
certificate of deposit
savings account
mortgage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money earned from saving accounts and investments is an example of:
a spending plan
income
expenses
a saving account
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