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WorksheetsEconomics and Personal Finance
Total questions: 10
Worksheet time: 10mins
Name
Class
Date
1.
If you plan to make a purchase in the next few weeks which type of account is best for you?
a)
Savings Account
b)
Certificate of Deposit
c)
Checking Account
d)
Money Market Account
2.
Which type of numbers will NOT appear on the bottom of a check?
a)
Account Number
b)
Social Security Number
c)
Check Number
d)
Routing Number
3.
A card, issued by a financial institution, that allows people to withdraw money or to pay for purchases from their checking or savings accounts. In addition, the card allows access to an automatic teller machine for other purposes; also known as a cash card.
a)
Debit card
b)
ATM card
c)
MasterCard
d)
Visa
4.
Things that are not necessary for survival
a)
Needs
b)
Wants
5.
Things that are essential to life
a)
Wants
b)
Needs
6.
the process of spreading one's assets among several different types of investments to lessen risk.
a)
Investments
b)
Rule of 72
c)
Diversification
d)
Stock
7.
Its purposes are to eliminate abusive practices in the collection of consumer debts, to promote fair debt collection and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy.
a)
Truth In Lending Act
b)
Identity Theft
c)
Fair Debt Collection Act
d)
Type of insurance
8.
This for occupants who do not own the property but want to protect their personal belongings that are in the home or on the property. It is important for renters to note that the property owner's insurance policy does not cover them, and their items are lost in the event they are damaged or destroyed.
a)
Renter's insurance
b)
Homeowner's Insurance
9.
This insurance protects the consumer against possible financial loss
a)
Insurance Policy
b)
Premium
c)
Risk
d)
Savings Account
10.
an individual who follows his or her dreams by assuming the risk of starting a new business.
a)
Business Owner
b)
Boss
c)
Entrepreneur
d)
Storm Chaser
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