Personal Finance Vocabulary Fl

Personal Finance Vocabulary Fl

12th Grade

10 Qs

quiz-placeholder

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Personal Finance Vocabulary Fl

Personal Finance Vocabulary Fl

Assessment

Quiz

Financial Education

12th Grade

Medium

Created by

Jamal Jordan

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: ________ is the income after taxes and deductions.

Net Income

Gross Income

Operating Income

Total Revenue

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: ________ is of value owned by an individual.

Asset

Liability

Expense

Revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: ________ is charged for borrowing money.

Interest Rate

Dividend

Commission

Subsidy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: ________ is an obligation or debt owed to others.

Liability

Asset

Revenue

Equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: ________ are investments to reduce risk.

Diversification

Speculation

Concentration

Gambling

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of 'Equity'? Fill in the blank: Equity is ________.

ownership value in an asset after debts

the total amount of cash in a business

the interest paid on a loan

the process of buying and selling stocks

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of 'Compound Interest'? Fill in the blank: Compound Interest is ________.

interest calculated on both principal and accumulated interest

interest calculated only on the principal amount

interest calculated only at the end of the term

interest calculated without considering previous interest

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