Economics
Authored by Wayground Content
Social Studies
6th - 12th Grade
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20 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What are expenses?
The money you budget
The amount of money you make
The money that you spend
The money taken out of your paycheck
2.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Which of the following do you put in the INCOME part of your budget?
Deductions
Gross Income
Net Income
How much money you spend each month
3.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
When you invest in a mutual fund, you pool your money with other investor's money. You will have part ownership in many stocks and bonds and will get your percentage of investment as a return. This is an example of a ________-risk investment.
Low
Moderate
High
4.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is a Savings Account?
Where an investor pools together several people's money and invests it in stocks and bonds. Good if you don't have the money to diversify and want to make more money than a CD or savings account.
Where you can deposit your money into a bank. You earn a small amount of interest off this investment method. You can access your money, but the bank will penalize you if you withdraw from it too much.
You own part of a company. You may earn a dividend where you get part of the company's pro t. You want to buy this when the price is low and sell when it's high.
Where you can deposit your money into a bank for a speci ed amount of time to earn a higher amount of interest. You cannot touch your money during the time it is invested this way.
When you loan money to a business or the government. You can cash it (after it matures) and get your initial payment back and your earned interest.
5.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is the best thing you can do to get a good credit score?
Don't use your credit card
Don't make any payments on your credit card
Pay off your entire card every month
Pay the minimum payment every month
6.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is deductions?
The amount of money you can budget
The money taken out of your pay (ie. taxes)
Your take home pay. Gross income minus deductions
The amount of money you make before deductions
7.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
In a business bond, you will get your initial payment plus interest back assuming the business doesn't go bankrupt. This is an example of a ____________-risk investment.
Low
Moderate
High
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