
Financial Concepts Quiz
Authored by Nikki Parks
Financial Education
10th Grade
Used 3+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is compound interest?
Interest earned only on the original amount of the investment
Interest earned on both the original amount and any interest already earned
Interest earned only on the interest already earned
Interest earned only on loans
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a mortgage?
A loan for buying a car
A loan for starting a business
A specific type of loan that is used to buy real estate
A loan for education
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is disposable income?
Income before taxes
Income after all taxes and government deductions have been paid
Income used for investments
Income used for paying debts
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is discretionary income?
Money left to spend after bills have been paid
Money saved for emergencies
Money used for investments
Money used for paying taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a bank?
A place to store goods
An institution for receiving, keeping, and lending money
A place to buy stocks
An institution for educational loans
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a mutual fund?
A single stock investment
A savings account
An investment that contains a variety of stocks and other smaller investments
A loan for buying real estate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a stock?
A loan from a bank
A share of ownership in a corporation
A type of bond
A savings account
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