
Personal Finance Unit Test
Authored by David McLeod
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48 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
What does a bank use as security for a loan?
A promise to pay back the loan
A higher interest rate for risky loans
An asset that the bank can claim if the loan is unpaid
A deposit greater than the loan amount
2.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Rent is a?
3.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Groceries are a:
4.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
The following are guidelines for budgeting with an irregular income except:
5.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
The zero-based budget is the best method of budgeting because:
6.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which of the following is not a record-keeping feature you could expect from your bank?
7.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which of the following account records would have the most current balance?
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