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W.I.S.E. Review #2

Authored by Victoria Lunsford

Other

9th - 12th Grade

Used 3+ times

W.I.S.E. Review #2
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38 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Rule of 72?

To solve how many years it would take to double ones money by subtracting the interest

To solve how many years it would take to triples ones money by multiplying the interest

To solve how many years it would take to double ones money by adding the interest

To solve how many years it would take to double ones money by dividing the interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT an example of a source of income?

Lottery

Inheritance

Worker's Compensation

Interest on investments

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two types of exemptions?

Dependency & Extravagant

Personal & Inpersonal

Personal & Dependency

Dependency & Private

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Liquidity?

The ability to get/convert money slowly

The ability to get/convert money fast.

A type of bond where there is no penalty.

The type of bond where you must have it long-term.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of Liquidity?

Savings Account

Bond

Stocks

Cash

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does PYF mean?

Pay yourself first

Pay yourself finally

Pay your family

Pay your friends

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another example of liquidity?

Stocks

Life Insurance

Real Estate

Checking Account

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