Personal and Business Finance

Personal and Business Finance

12th Grade

15 Qs

quiz-placeholder

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Personal and Business Finance

Personal and Business Finance

Assessment

Quiz

Other

12th Grade

Medium

Created by

Lois Slater

Used 105+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which function of money does this statement refer to? Money allows goods and services to be traded without the need for a barter system. Barter systems rely on there being a double coincidence of wants between the two people involved in an exchange.

Unit of account

Means of Exchange

Store of value

Legal tender

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which function of money does this statement refer to? This can refer to any asset whose “value” can be used now or used in the future i.e. its value can be retrieved at a later date. This means that people can save now to fund spending at a later date.

Unit of account

Means of exchange

Legal tender

Store of value

3.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

The cost of borrowing money is known as what?

A life event

Culture

Inflation

Interest Rates

4.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

Personal finances can be impacted by external influences such as the economy. The person may have no c........... over this.

5.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

What life stage does the following information indicate? •University / Early career

•More independent

•Buying cars, renting, buying homes

•Starting a family / getting married

Young adult

Childhood

Middle Age

Old Age

6.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

What life stage does the following information indicate?

•Fewer dependants

•Fewer financial needs

•May downsize

Childhood

Adolescence

Young Adult

Old Age

7.

FILL IN THE BLANK QUESTION

20 sec • 5 pts

A personal budget includes an individuals income and e............................

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