Personal Finance Review

Personal Finance Review

12th Grade

15 Qs

quiz-placeholder

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Personal Finance Review

Personal Finance Review

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

John Robinson

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

This type of interest "creates a mathematical explosion," and it can make you wealthy over time, or keep you in debt for a long time.

compound

sinking

annual

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is this?

Credit history

Credit card

Credit score

None of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The cost of borrowed money, usually expressed as a percentage.

interest

savings plan

scarce

purchase

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a budget?

A plan for how money will not be used

A plan for how money will be used

The amount you spend

The amount you save

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

401(k), IRA, and Roth IRA are all examples of a __________ account.

Retirement

College Savings

Low Interest

Stock

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Check all that apply...Which of the following are services offered by both banks and credit unions.

Checking Accounts

Savings Accounts

Roth IRAs

Credit Cards

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The opportunity cost of collecting money for savings in a jar is the

ability to use the money

time spent counting the money

Interest the money could have earned

cost of the jar

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