WorksheetsPersonal Finance
Total questions: 16
Worksheet time: 8mins
What is the relationship between risk and return in terms of investments?
Indirect
Direct
Which type of tax is constant and affects both groups with low and high incomes?
Progressive
Proportional
Regressive
Which type of tax affects individuals with higher incomes the most?
Regressive
Proportional
Progressive
Which tax affects individuals with low income?
Regressive
Progressive
Proportional
Which of the following best describes a credit union?
Offers low interest rates
Ensured by the FDIC
More customer service oriented
Aims to make profits
Which of the following is a profit organization that offers individuals to open savings accounts?
Title Pawn Lenders
Credit Union
Commercial Bank
Payday Lenders
True or False:
Health insurance covers your income whenever you are injured and unable to work.
True
False
True or False:
Property insurance covers damage done to the car you own.
True
False
True or False:
Life insurance protects your family from financial hardship in the event that you die.
True
False
Which type of insurance protects you from medical expenses?
Disability
Life
Health
What is the difference between interest earned and interest charged?
Interest earned and interest charged remain at the same rate unless it is said otherwise.
Interest earned is greater than interest charged.
Interest earned is less than interest charged.
There is no difference between the two types of interest.
Which of the following describes a deductible?
The price of an insurance policy.
Money that the insured must pay before an insurance company will pay a claim.
Money offered by the government.
Which of the following investment options is the most risky given that it is a share of a company?
Certificate of deposit
Stocks
Mutual funds
Savings account
An investment sold by banks that is used to ensure that money stays where it is until time of withdrawal
Stock
Certificate of Deposit
Bond
Checking account
What is a valid definition of diversification?
The act of separating people based on income
The act of investing in multiple investments
The act of investing in several stocks
An act performed by the government that involves handing out certain companies various amounts of subsidies
An estimate of income for a set period of time is a valid definition for...
Credit
Insurance
Premium
Budget
