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Eco Unit 5 Practice Questions

Authored by AIMEE N DANIEL

Social Studies

12th Grade

Used 5+ times

Eco Unit 5 Practice Questions
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Investments with high rates of return are generally accompanied with —

no risk

very little risk

high levels of risk

lower levels of risk

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A long-term cost of owning a home includes —

income taxes

buying furniture

landscaping upkeep

insurance payments

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the benefits of home ownership includes —

building equity

purchasing insurance

paying property taxes

funding large capital outlays

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A line of credit that allows a borrower to repeatedly use it within a certain monetary amount is considered to be —

a secured loan

open-ended credit

close-ended credit

a retirement account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Loans that are obtained by offering an asset to guarantee repayment of the loan are considered —

default loans

secured loans

unsecured loans

repossession loans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the obligations of borrowing money is to —

cosign loans for others

make payments on time

request the lowest interest rate possible

designate in your will who pays the loan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of bank account is not insured?

Checking account

Savings account

Mutual fund

Money market fund

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