WorksheetsEconomics & Personal Finance
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
A legal document used when renting an apartment is called :
a)
Receipt
b)
Estimate
c)
Lease
d)
Ticket
2.
What is the form you fill out to note the amount of federal income tax you want deducted from your salary and allowances you are claiming ?
a)
W-2
b)
W-4
c)
W-6
d)
M-2
3.
Which federal agency protects deposits in commercial banks ?
a)
FDIC
b)
IRS
c)
DEA
d)
EPA
4.
To avoid becoming financially overextended individuals and famalies should make use of a :
a)
Timeline
b)
Credit Card
c)
Checking Account
d)
Budget
5.
A system to make financial loss more affordable by transferring it from individuals to large groups is called :
a)
Investing
b)
Insurance
c)
Trading
d)
Saving
6.
In economic terms, which of the following are examples of resources :
a)
Human, Natural, Capital
b)
Stocks, Credit, Cash
c)
Savings, Time, Energy
d)
All of the above
7.
Reduction in a car's value due to age and wear -and- tear is known as :
a)
Appreciation
b)
Stagnation
c)
Depreciation
d)
Inflation
8.
You report a missing ATM card within 2 days of the loss. What is the maximum amount of charges you will be responsible for if the card is used ?
a)
$50
b)
$100
c)
$25
d)
$75
9.
The number of days you have before a credit card company starts charging interest on your new purchases is called the :
a)
Free Period
b)
Late Period
c)
Estimate Period
d)
Grace Period
10.
A person from an insurance company sent to determine the value of property that was damaged or destroyed is called an :
a)
Agent
b)
Adjuster
c)
Astronomer
d)
Alien
100 %
