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24.25 Personal Finance Final Exam Review

Authored by Sajdah Muhammad

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9th Grade

Used 12+ times

24.25  Personal Finance Final Exam Review
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of creating a budget?

A. To spend more money
B. To plan how to save and spend money
C. To calculate your net worth
D. To increase credit card debt

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered income?

A. Money spent on groceries
B. A paycheck from a job
C. Monthly rent
D. Credit card interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to track expenses?

A. To avoid paying bills
B. To stay within a budget
C. To increase spending
D. To eliminate taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account type is best for everyday transactions?

A. Checking account
B. Savings account
C. Certificate of Deposit (CD)
D. Brokerage account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a benefit of using a savings account?

A. It allows unlimited withdrawals.
B. It helps build interest on deposited money.
C. It has no withdrawal limits.
D. It earns higher interest than investments.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the stock market allow people to do?

A. Store money safely
B. Borrow money for a home
C. Buy and sell shares of companies
D. Deposit checks

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key benefit of investing in stocks?

A. Guaranteed returns
B. Potential for long-term growth
C. Protection against losses
D. Immediate access to funds

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