Annual Percentage Rate (APR)

Annual Percentage Rate (APR)

1st - 5th Grade

10 Qs

quiz-placeholder

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Annual Percentage Rate (APR)

Annual Percentage Rate (APR)

Assessment

Quiz

Social Studies

1st - 5th Grade

Practice Problem

Hard

Created by

Mairead Campbell

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit is

the ability to borrow money or access goods or services with future payment.
a form of insurance policy.
a method of saving money.
a type of investment strategy.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debt is

a type of investment that generates income.
a financial strategy to increase wealth.
a legal agreement to transfer property rights.
an amount of money borrowed that must be repaid.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash is

a method of saving money
a medium of exchange in the form of coins and banknotes
a type of investment
a form of digital currency

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest is

a type of savings account
a government tax
a form of currency
the cost of borrowing or the return on investment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debit is

an entry that decreases an asset or expense account
a transaction that only affects cash accounts
an entry that increases a liability or equity account

Using money that is readily available in a current account - means money available to spend

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

APR stands for

Annual Payment Rate
Average Percentage Rate
Annual Percentage Rate
Adjusted Payment Rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit score is

A measure of a person's income level.
A record of all bank transactions.
A summary of a person's employment history.
A numerical representation of a person's creditworthiness.

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