
3rd Block Personal Finance Post Test Review
Authored by Danielle Dates
Business
9th - 12th Grade
Used 2+ times

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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good rule of thumb is to save _________ of your income
1%
5%
10%
50%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The minimum amount you should save for emergencies is ________?
1 week of expenses
1 month of expenses
3 months of expenses
1 year of expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to pay yourself first?
Buy things you want rather than need.
Set aside savings before you spend it.
Don’t save money unless your income is high.
Spend money on yourself first.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money you start a savings account with is called the ___________.
Income
Principal
Withdrawal
Deposit
Interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To know how long it will take to double your savings, you divide 72 by the ____________________.
Withdrawal
Deposit
Interest rate
Income
Expense
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of bank account has the lowest rates of interest but allows you easy access to your money when you need to spend it.
Checking account
Savings account
Certificate of deposit
Prepaid credit/debit card account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A budget is a balance between your _______________ and _______________. Choose the best pair of words below.
Debits and credits
Salary and income
Needs and wants
Income and expenses
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