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Test your financial knowledge

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is NOT a type of investment?

a)

Stocks

b)

Bonds

c)

Real estate

d)

Groceries

2.

What is the term for the amount a bank charges for borrowing amount ?

a)

Interest

b)

Principal

c)

Dividend

d)

Fee

3.

What is the term for the ability to quickly convert an asset into cash?

a)

Liquidity

b)

Solvency

c)

Profitability

d)

Efficiency

4.

What is a "budget"?

a)

A financial plan for a specific period.

b)

A credit card.

c)

A bank account

d)

A tax form

5.

What is "inflation"?

a)

A decrease in prices over time..

b)

An increase in prices over time

c)

A steady price level.

d)

) A decrease in economic growth

6.

What is a "stock"?

a)

A type of clothing.

b)

A share of ownership in a company.

c)

A type of food.

d)

A government bond.

7.

How is net worth calculated

a)

Assets - liability

b)

Yearly income/age

c)

Yearly income -debt

d)

Credit score*income

8.

How long do credit inquires affect your credit score

a)

Forever

b)

5 years

c)

6 months

9.

Which of the following is a current asset?

a)

) Land

b)

Buildings

c)

Equipment

d)

Inventory

10.

What is the stock market?

a)

A place where stocks are bought and sold

b)

A type of insurance

c)

A government agency

d)

type of bank