Chapter 2 - Financial Algebra

Chapter 2 - Financial Algebra

12th Grade

30 Qs

quiz-placeholder

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Chapter 2 - Financial Algebra

Chapter 2 - Financial Algebra

Assessment

Quiz

Mathematics

12th Grade

Medium

CCSS
HSA.CED.A.1, HSS.MD.B.5, 7.EE.B.3

+10

Standards-aligned

Used 22+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A(n) ________ involves specifying financial goals and describing in detail the spending, financing, and investing plans needed to reach those goals.

individual retirement savings plan

personal financial plan

personal debt management plan

individual investment strategy

Tags

CCSS.HSA.CED.A.3

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a key component addressed by a solid financial plan?

Risk management

taxes

investment

education

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A personal financial plan focuses on how to accumulate and grow wealth, but it will not help you provide for unanticipated financial emergencies.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Each component of a personal financial plans involves making a set of personal decisions.

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The purpose of a budget is to plan your spending and saving, considering your income level, so that you can meet your ________.

Needs and wants

immediate needs

long-term dreams

intermediate financial goals

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.3

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The process of forecasting future expenses and incomes is called ________.

personal financial planning

equity assessment

liability analysis

budgeting

Tags

CCSS.7.EE.B.4

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Net worth is determined by subtracting an individualʹs liabilities from his or her ________.

income

equity

assets

liquidity

Tags

CCSS.HSA.CED.A.4

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