Unit 2 JA Finance Quiz

Quiz
•
Social Studies
•
7th Grade
•
Medium
VERNON PAYNE
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
When it comes to personal savings, What does the acronym PYF stand for?
Prepare your future
Pay your friends
Pay yourself first
Prepay your finances
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is one pro about owning a health insurance policy?
It allows you to get regular medical health care.
Hospital and surgery bills will not be covered.
It is too expensive and no one can afford it
Health insurance can help pay for college
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Protection against risk is the primary reason people purchase this type of policy.
Home Insurance
Health Insurance
Auto Insurance
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
is the fee received for the use of money.
Loans
Debit cards
Interest
Utilities
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
This type of investment is essentially an IOU with a set rate of return.
401(k)retirement Plan
Stocks
Mutual Funds
Bonds
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is 2 long term savings options.
Saving account and bonds
401(k) and Stocks
certificates and money market accounts
mutual funds and home insurance
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What are 2 cons of owning a health insurance policy?
It is expensive and co-payments usually apply
It allows you to get medicine when you need it.
It allows you to get regular healthcare.
it allows you to live rent free.
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