What is the formula for calculating simple interest?
Understanding Economics and Personal Finance

Flashcard
•
Life Skills
•
10th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

20 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
2.
FLASHCARD QUESTION
Front
Which economic system is characterized by private ownership and free markets?
Back
Capitalism
3.
FLASHCARD QUESTION
Front
What is the opportunity cost of choosing to spend money on a new phone instead of saving it?
Back
The potential future value of the savings
4.
FLASHCARD QUESTION
Front
Which of the following is a benefit of compound interest? It decreases the amount of interest paid over time, It allows interest to be earned on both the initial principal and the accumulated interest, It simplifies the calculation of interest, It only applies to short-term investments
Back
It allows interest to be earned on both the initial principal and the accumulated interest
5.
FLASHCARD QUESTION
Front
What is the law of demand in economics?
Back
As the price of a good decreases, the quantity demanded increases.
6.
FLASHCARD QUESTION
Front
Which of the following is a type of investment risk? Inflation risk, Tax risk, Budget risk, Savings risk
Back
Inflation risk
7.
FLASHCARD QUESTION
Front
What is the main function of a central bank in an economy?
Back
To control the money supply and interest rates
Create a free account and access millions of resources
Similar Resources on Quizizz
15 questions
Taxes

Flashcard
•
9th - 12th Grade
15 questions
7.2 - Stocks, Bonds, & Mutual Funds

Flashcard
•
9th - 12th Grade
15 questions
Investment Vocab Flashcard

Flashcard
•
9th Grade - University
15 questions
Ramsey Chapter 4 Review

Flashcard
•
9th - 12th Grade
16 questions
Dave Ramsey Basic Knowledge

Flashcard
•
11th - 12th Grade
12 questions
Investing Review

Flashcard
•
9th - 12th Grade
14 questions
Bank Audit Flashcard

Flashcard
•
KG - University
14 questions
Insurance

Flashcard
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade
Discover more resources for Life Skills
25 questions
Spanish preterite verbs (irregular/changed)

Quiz
•
9th - 10th Grade
10 questions
Juneteenth: History and Significance

Interactive video
•
7th - 12th Grade
8 questions
"Keeping the City of Venice Afloat" - STAAR Bootcamp, Day 1

Quiz
•
9th - 12th Grade
20 questions
Distance, Midpoint, and Slope

Quiz
•
10th Grade
20 questions
Figurative Language Review

Quiz
•
10th Grade
20 questions
Understanding Linear Equations and Slopes

Quiz
•
9th - 12th Grade