Finance Week 8 P2 Explore
Passage
•
Financial Education
•
12th Grade
•
Practice Problem
•
Medium
Standards-aligned
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
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