Finance Week 8 P2 Explore

Finance Week 8 P2 Explore

Assessment

Passage

Financial Education

12th Grade

Medium

Understanding

Standards-aligned

Created by

Miracle Curvy

Used 2+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of an organized system of financial records?

Handling daily business activities

Making effective investment decisions

Determining available resources for spending

All of the above

Tags

Understanding

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where should important financial records and valuable articles be kept for maximum security?

Home file

Safe deposit box

Computer system

Online storage

Tags

Understanding

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long should federal tax documents be kept according to the passage?

1 year

3 years

6 years

Indefinitely

Tags

Understanding

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended location for keeping records for current needs and documents with limited value?

Safe deposit box

Home file

Online system

Financial institution

Tags

Understanding

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Records such as birth certificates and wills should be kept ___

Tags

Understanding

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The passage mentions that financial records can be organized into ___ categories.

Tags

Understanding

7.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Documents related to the purchase and sale of real estate should be kept ___

Tags

Understanding