Worksheetsunit 6 review
Total questions: 15
Worksheet time: 8mins
Imagine Henry, Ethan, and Noah are playing a treasure hunt game. They need to understand how money acts as a measure of value. This means:
it is easily recognizable by everyone in the game
can be broken up into smaller units for easy trading
money may be stored in their treasure chest for future use
expresses worth in terms that all players can understand
Imagine Benjamin, Ava, and William are discussing investment options at a fun finance-themed party. Benjamin raises a question that sparks everyone's interest: 'Which of the following has the highest level of investment risk?'
Savings accounts
Retirement Accounts
Index Funds
Stocks
Imagine Aiden is exploring the world of home ownership. He stumbles upon an online amortization tool. What exciting feature can it show him?
who has the best mortgage rates
what are the current mortgage rates
how mortgage payments on a fixed loan can look from month to month
how speculative investments on a fixed loan can look from month to month
Imagine Emma, Avery, and William are on a treasure hunt. They find a chest full of coins! Now, they're curious about the exchange of money. What does it refer to?
how much my money is worth
how easy I can spend my money in a store
how much money I have in my bank account
how long money can last over time
Imagine Daniel, Grace, and Anika are on a treasure hunt. They find a chest full of gold coins! Before they start dreaming about spending their riches, they want to calculate the amount of money they've found, but WITHOUT taking into account pesky pirates' taxes and the inflation caused by too many gold coins flooding the market. This calculation refers to:
real returns
simple interest rates
apr
nominal returns
Imagine Aria, Nora, and Priya are discussing investment options for their new club. They want something with the lowest level of investment risk. Which option would you recommend to them?
Stocks
Savings accounts
Retirement accounts
Certificates of Deposits (CD’S)
Imagine Aria walks into a pawn shop with a vintage guitar. After how many missed payments will the shop officially keep Aria's guitar?
One
Two
Three
Four
Imagine Rohan, Aiden, and Anika are on a treasure hunt. They find a chest full of gold coins! But here's the twist: the chest comes with a note explaining the yearly interest generated by a sum that's charged to borrowers or paid to investors. What is this interest called?
annual percentage rate
yearly percentage rate
multiple percentage rate
among the percentage rate
Imagine Avery, Anika, and Maya decided to invest in a lemonade stand! After a sunny day of sales, they sit down to calculate the amount of money they've made AFTER taking out all the expenses like the cost of lemons, sugar, and even the sneaky inflation and taxes. What is this called?
Nominal returns
Real returns
Simple interest rates
APR
Let's dive into a finance adventure! Imagine Mia and Mason are on a quest to understand variable rates. They come across a wise owl named Aria who presents them with a challenge: (T/F) Variable rates are rates that are set as a certain percentage for the life of the loan and will not change. Can you help them answer?
True
False
Sometimes
Maybe
Imagine Samuel and Aria are applying for a loan to start their dream cafe. What can help them receive those sweet, sweet low interest rates?
check
good looks
health
credit score
Imagine Kai and Abigail are on a shopping spree. They have a magical wallet that they can use to buy clothes and gadgets, and they can pay back the amount over time, using it again and again. This type of account is known as:
Installment Credit
Annual percentage Rate
Fixed Credit
Revolving Credit
Hey there! Did you know that at credit unions, members like Olivia, Mia, and Abigail aren't just customers but also the bosses? They own and control the institution! Is that True or False?
True
False
Sometimes
Maybe
Imagine Olivia and Aiden are helping Rohan to save $100 every month into his savings account. Which function of money are they exploring together?
Portable
Durable
Measure of Value
Store of value
Imagine Priya, Benjamin, and Mason are playing a game of 'Investment Quest'. They come across a treasure chest that's very safe, but trying to open it instantly triggers a penalty. What kind of investment option is this chest similar to?
Certificates of deposit (CD's)
Savings accounts
Bonds
Stocks
