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WorksheetsUnit Three Practice Quiz
Total questions: 17
Worksheet time: 6mins
This is a term for vehicles that lose their value over time
Depreciation
Appreciation
Model
Age
This is the length of a typical vehicle loan:
3 Years
10 Years
15 Years
30 Years
The lender will do this to your vehicle if you fail to make payments on your loan:
Repossess
Foreclosure
Evict
Retire
Chevrolet, Ford and Toyota are examples that refer to your vehicle?
Model
Make
Year
Mileage
What is the typical interest rate on a house loan?
5%
10%
15%
24%
How long is the typical home mortgage in the United States?
3 Years
10 Years
30 Years
100 Years
Something like a house, that goes up in value over time is building?
Interest
Depreciation
Liquidity
Equity
Converting something to cash as quickly as possible
Interest
Depreciation
Liquidity
Equity
Selling something (precious metals, stocks, land) for more than was originally paid for it:
Capital Loss
Capital Gain
Liquidity
Equity
What does the average household owe on their credit card?
Nothing
Over $5,000
Over $10,000
Over $15,000
What is the interest rate charged on credit cards?
0%
5%
10%
24%
What should more adults use to keep track of where their money goes each month?
Piggy Bank
Jars
Envelopes
Budget
When the stock market is doing well, what usually happens to the precious metal market?
It goes up like the stock market
Absolutely Nothing
It goes down in value
Which of the following is at the top of the risk pyramid?
Collectibles/Precious Metals
Savings Account
Bank CD
Stocks
What percent of millionaires are Entrepreneurs?
0%
25%
50%
67%
Trade in Value is usually higher than selling a car privately, according to Kelly Blue Book
True
False
What Percent of Americans are living, "Paycheck to Paycheck?"
70%
50%
30%
0%
