Personal Finance Review

Quiz
•
Social Studies
•
12th Grade
•
Hard
John Robinson
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
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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