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Jolie's Personal Finance Quiz

Total questions: 12

Worksheet time: 8mins

Name
Class
Date
1.

If you are investing or saving you want a

a)

low interest rates

b)

high interest rate

2.

A card used to make purchase on credit. “Buy now, pay later.”

a)

Checking Account

b)

Savings Account

c)

Credit Card

d)

LR Account

3.

The amount of money paid either monthly or biweekly

a)

Income

b)

Salary

c)

Hourly Pay

d)

Deposit

4.

A number that indicates how well a person repays loans or other bills.

a)

Career

b)

Credit Score

c)

Budget

d)

Interest Rate

5.

An additional amount charged to a loan expressed in a percent

a)

Career

b)

Credit Score

c)

Budget

d)

Interest Rate

6.

an estimate of income and expenditures

a)

Career

b)

Credit Score

c)

Budget

d)

Interest Rate

7.

Something you desire or wish for

a)

a "want"

b)

a "need"

8.

How an individual saves and spends money.

a)

Checking Account

b)

Savings Account

c)

CD Account

d)

Personal Finance

9.

What is a budget?

a)

A type of savings account

b)

A way to invest for retirement

c)

A fund for emergencies

d)

A financial plan that defines expenses for a period of time.

10.

What is meant by money being LIQUID? (select all that apply)

a)

It's stored in the form of physical money

b)

It's stored in the form of electronic money

c)

It's invested in something that must be sold to obtain money

d)

It's invested in something that's valuable, but not money

11.

What is debt?

a)

Money you have borrowed and need to pay back

b)

Money you make from working at a job

c)

Money you make from the government

d)

Taxes that you pay when you buy something

12.

What is insurance?

a)

A service purchased to protect assets and income against financial loss.

b)

A type of savings account where you put aside money for emergencies.

c)

A type of investment account where you can buy shares of stock.

d)

A kind of taxes charged by the government.