What is the primary purpose of creating a personal budget?
Personal Finance Final Review

Quiz
•
Business
•
11th Grade
•
Medium
Megan Schulz-Gutierrez
Used 4+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To track daily expenses
To plan for future financial goals
To increase credit score
To reduce taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a low-risk investment?
Stocks
Bonds
Real estate
Cryptocurrency
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit score primarily used for?
To determine tax rates
To assess loan eligibility
To calculate net worth
To set insurance premiums
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the benefit of starting to save for retirement early?
Higher interest rates
More time for compound interest to grow
Lower taxes
Increased social security benefits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain how a high credit score can impact loan interest rates.
It increases the interest rates
It decreases the interest rates
It has no effect on interest rates
It only affects the loan amount
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Develop a plan to improve a credit score from 600 to 750.
Pay bills on time, reduce credit card balances, and avoid new hard inquiries
Open multiple new credit accounts
Close old credit accounts
Max out credit cards
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compare the benefits of a Roth IRA versus a traditional IRA for retirement savings.
Roth IRA offers tax-free withdrawals; traditional IRA offers tax-deductible contributions
Roth IRA offers tax-deductible contributions; traditional IRA offers tax-free withdrawals
Both offer tax-free withdrawals
Both offer tax-deductible contributions
Create a free account and access millions of resources
Similar Resources on Quizizz
25 questions
Using Credit Quiz

Quiz
•
9th - 12th Grade
25 questions
Types of Credit - Unit Review

Quiz
•
9th - 12th Grade
25 questions
Managing Credit- Unit Review

Quiz
•
9th - 12th Grade
25 questions
Banking Products & Services Final Exam

Quiz
•
9th - 12th Grade
32 questions
Semester 1 Final Review

Quiz
•
12th Grade
30 questions
Banking

Quiz
•
12th Grade - University
25 questions
CSEC POB SECTION 8 BUSINESS FINANCE

Quiz
•
9th - 12th Grade
25 questions
What is Credit??

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade