APF Chapter 4 Vocabulary

APF Chapter 4 Vocabulary

9th - 12th Grade

23 Qs

quiz-placeholder

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APF Chapter 4 Vocabulary

APF Chapter 4 Vocabulary

Assessment

Quiz

Other

9th - 12th Grade

Easy

Created by

Jennifer Florian

Used 1+ times

FREE Resource

23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a person accepts the terms of an offer.
Acceptance
Variable Expenses
Disposable Income
Cosigner

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items of value that a person owns.
Capacity
Warranty
Negotiable
Assets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A spending and saving plan based on your expected income and expenses.
Counteroffer
Budget
Disposable Income
Net Worth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. The competence (legal ability) of parties to enter into a contract. 2. The financial ability to repay a loan with present income.
Capacity
Financial Plan
Negotiable
Consideration

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When estimated expenses are greater than estimated income.
Financial Plan
Counteroffer
Cash Deficit
Wealth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When estimated income is greater than estimated expenses.
Notarized
Fixed Expenses
Cash Surplus
Liabilities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something of value exchanged for something else of value.
Budget
Consideration
Capacity
Contract

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