Financial Math - Earning Interest - Vocabulary Quiz
Authored by DAVID NEWCOMB
Specialty
12th Grade
Used 13+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fee paid to use money, usually expressed as a percentage?
Principal
Interest
Installments
Compound Interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of account pays interest on funds deposited in a bank?
Government Bonds
Money Market Funds
Bank Savings Account
Short-term Loans
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are bonds issued by the government that are tax exempt?
Bank Savings Account
Government Bonds
Money Market Funds
Short-term Loans
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the amount invested?
Interest
Principal
Installments
Annual Percentage Rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for recurring amounts paid at a specified time, such as annually?
Principal
Installments
Interest
Short-term Loans
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of loans have to be repaid within less than one year?
Government Bonds
Money Market Funds
Short-term Loans
Bank Savings Account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the resulting rate when interest rates are expressed in years?
Simple Interest
Compound Interest
Annual Percentage Rate
Annual Percentage Yield
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