Personal Finance Pretest

Type you first and last name.

What is a stock?

• Small portion of a company that an individual can purchase
• Another name for money
• A manager of a company
• A company that has gone bankrupt

What does currency mean?

• Money
• Stock
• Credit
• None of the above

What is credit?

• How trustworthy someone is to pay back money they borrowed
• How much money someone has.
• How much debt someone is in
• None of the above

What does the word "debt" mean?

• Money that is owed by an individual
• Having too much money
• Giving all of your money away
• Donating your money to a foundation

Which one of these is NOT a need?

• Food
• Water
• PS4
• Sleep

What does 'bankruptcy' mean?

• Having a lot of money
• Investing in the stock market
• None of the above
• Being unable to repay your debts

What is the difference between a wage and a salary?

• A wage is hourly pay while a salary is a fixed yearly income
• There is no difference
• A salary is hourly pay while a wage is a fixed yearly income
• A salary gets transferred directly to someone bank account while a wage cannot do that.

What is a debit card?

• A card that automatically deducts money from a checking account when you purchase things with it.
• A card that allows you to borrow unlimited money from the bank
• A card that is provided by the government and is funded by taxes
• A card that allows you to go to specific restaurants

What does "interest" mean?

• The money that someones pays for using money that does not belong to them
• The total amount of money that is in someones bank account
• The price that someone has to pay to set up a bank account
• A small fee that is deducted off of every transaction someone has