Fin Lit 1
Authored by James Day
Education
11th Grade
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who purchases goods and services for personal use
loan shark
Financial Plan
Consumer
Behavior
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Person or entity that charges borrowers interest rates above an established legal rate
Behavior
loan shark
Interest Rate
Personal Finance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The price paid for the use of borrowed money
Assets
Interest
Interest Rate
net worth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: assets minus liabilities
Behavior
net worth
Interest
Interest Rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: an obligation to pay or do something
Negative Net Worth
Credit
Interest
Debt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: Percentage rate used to calculate interest
Interest Rate
Negative Net Worth
loan shark
Interest
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: knowledge and skills to manage your personal finances.
Interest
Personal Finance
Financial Plan
Interest Rate
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