WISE Test Review #1

WISE Test Review #1

Assessment

Flashcard

Business

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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11 questions

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1.

FLASHCARD QUESTION

Front

The Rule of 72 is an easy way to

Back

Calculate how fast your savings will double in value at given interest rates.

2.

FLASHCARD QUESTION

Front

What is the correct difference between simple and compounding interest?

Back

Simple interest is paid on the principal only and compounding interest is paid on the principal and the interest earned.

3.

FLASHCARD QUESTION

Front

Which of the following would yield the highest earnings when interest is compounded? Daily, Semi-annually, Bi-annually, Annually

Back

Daily

4.

FLASHCARD QUESTION

Front

Apple is offering a fixed interest bond to its customers, the role of the customer is best defined as

Back

The customer is lending money to apple to be repaid after the bond "matures"

5.

FLASHCARD QUESTION

Front

Which loan is NEVER forgiven with any type of bankruptcy?
Options:
Car Loan,
Mortgage Loan,
Student Loan,
Payday Loans

Back

Student Loan

6.

FLASHCARD QUESTION

Front

How many days notice do credit card companies have to give if they are changing your interest rate due to multiple late payments?

Back

45 days

7.

FLASHCARD QUESTION

Front

Which classification of stock would be defined as big, established companies like Amazon & Google? Options: Blue Chip Stocks, Growth Stocks, Income Stocks, Speculative Stocks

Back

Blue Chip Stocks

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