Financial Decision-Making Quiz

Financial Decision-Making Quiz

12th Grade

10 Qs

quiz-placeholder

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Financial Decision-Making Quiz

Financial Decision-Making Quiz

Assessment

Quiz

Other

12th Grade

Hard

Created by

Dee Lewis

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the tendency to rely too heavily on the first piece of information encountered when making decisions?

Herd Mentality

Confirmation Bias

Loss Aversion

Anchoring

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the principle of loss aversion, what do people prefer?

Acquiring gains over avoiding losses

Avoiding losses over acquiring gains

Balancing losses and gains

Ignoring both losses and gains

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the inclination to interpret new evidence as confirmation of one's existing beliefs or theories called?

Anchoring

Loss Aversion

Confirmation Bias

Herd Mentality

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the tendency to follow the actions of a larger group, often leading to irrational decision-making?

Anchoring

Loss Aversion

Herd Mentality

Confirmation Bias

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the preference for immediate rewards over larger but delayed rewards called?

Time Discounting

Availability Heuristic

Budgeting

Credit Score

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process of creating a plan to manage income and expenses called?

Availability Heuristic

Budgeting

Time Discounting

Credit Score

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a numerical representation of an individual's creditworthiness based on credit history and other financial behavior?

Credit Score

Opportunity Cost

Interest Rate

Compound Interest

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