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WorksheetsPersonal Finance Ch.1
Total questions: 20
Worksheet time: 10mins
Personal Finance is 80% behavior and ___ head knowledge.
50%
80%
20%
40%
On average, how many families work paycheck to paycheck?
2/3
7/10
90%
50%
Your income, assets, and liabilities are included in your ___.
Financial Situation
Money Personality
Money Goals
Credit Card
People who offer loans at an extremely high interest rates.
Loan Sharks
Piranha
Bankers
Guppies
What is the average credit card debt in America?
$15,000
$20,000
$32,000
10,000
___ is the toughest challenge when controlling your money.
Math
Behavior
Other people
Society
What is the average student loan debt in America?
$15,000
$10,000
$30,000
$150,000
America's debt system keeps us from building ___.
Credit
Wealth
Stuff
Loans
What allows you to tell your money what to do?
Money Language
Loans
Credit Cards
Banks
What are the three levels of financial well-being?
Survival, Secure, Credit
Credit, Loan, Comfort
Survival, Comfort, Secure
Credit, Loan, Debt
A fee paid by a borrower to the lender for the use of borrowed money ___.
Credit
Loan
Debt
Interest
An obligation of repayment owed by one party to a second party.
Credit
Loan
Debt
Interest
A person or business who uses/buys goods or services.
Consumer
Producer
Personal Finance
Financial Literacy
A debt evidenced by a "note" .
Debt
Loan
Credit
Personal Finance
The granting of a loan and the creation of a debt
Loan
Credit
Debt
Interest
A system by which goods and services are produced and distributed.
Economy
Consumer
Bank
Purchase
The knowledge and skill set necessary to be an informed consumer and manage finances effectively.
Personal Finance
Financial Literacy
Vocabulary
Loan
All of the decisions and activities of an individual or family regarding their money.
Financial Literacy
Personal Finance
Credit
Debt
New Deal lending policies convinced commercial banks that:
Consumer Credit could be profitable
Consumer Credit would NOT be profitable
Consumers would not be willing to use credit because it had previously not been an option for the middle class.
They would not be able to compete with the loan sharks.
What is NOT a reason credit is marketed so heavily in the United States?
Strong demand for big ticket items
credit industry has become extremely profitable
credit laws were relaxed in attempt to create a mainstream alternative to loan sharks for the working class
credit is not socially acceptable in the United States
