Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal?
Chapter 1 Test

Quiz
•
Financial Education
•
8th Grade
•
Easy

Valerie McDonald
Used 9+ times
FREE Resource
21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You should always make sure you have a ______________
Credit Card
Direct Deposit
Financial Plan
Line of Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To gain an understanding of your personal finances, you should know ______
Your financial goals
How much net income you have
How much net income you have
Your goals & Where you stand financially
Your investment portfolio
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Last Foundation?
Get out of debt and stary out of debt.
Save $500 for an emergency
Pay cash for college
Be generous
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Being a Spender has many more POSITIVES than being a Saver
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Personal Finance is all the financial decisions a _____________must make in order to earn, budget, save, spend, and give generously.
Family and individual
Company and Organization
Individual or Company
Bank
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Avoiding debt can lead to financial freedom and hope.
True
False
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