
Economics and Finance Mastery Quiz
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Medium
Rosemarie Rellona Womack
Used 4+ times
FREE Resource
Enhance your content in a minute
35 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the basic economic problem that arises because resources are limited?
Inflation
Scarcity
Unemployment
Recession
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key principle of personal budgeting?
Spend more than you earn
Save after spending
Pay yourself first
Ignore fixed expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price of a product increases, what is likely to happen to the quantity demanded, assuming all other factors remain constant?
It will increase
It will decrease
It will remain the same
It will double
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of investment typically offers the highest potential return?
Savings account
Bonds
Stocks
Certificates of deposit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the total amount of money borrowed or owed?
Credit
Debt
Interest
Principal
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a component of financial literacy?
Understanding complex algorithms
Knowing how to read a novel
Managing personal finances
Writing poetry
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the future value of an investment of $1,000 at an annual interest rate of 5% compounded annually for 3 years.
$1,150.00
$1,157.63
$1,200.00
$1,250.00
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
32 questions
ESB Practice Test 1
Quiz
•
12th Grade
35 questions
Principles of Business 9e Chapter 4
Quiz
•
9th - 12th Grade
40 questions
Chapter 3 Review: Saving Money
Quiz
•
9th - 12th Grade
38 questions
Credit reports and FICO scores
Quiz
•
11th - 12th Grade
36 questions
Unit 1 Test Review-Computer Parts/Hardware & Software
Quiz
•
9th - 12th Grade
30 questions
Chapter 12 Financial Management
Quiz
•
9th - 12th Grade
35 questions
Unit 3 Topic 1 Competitive Markets
Quiz
•
12th Grade
30 questions
W!se Review - Credit and Debt
Quiz
•
9th - 12th Grade
Popular Resources on Wayground
8 questions
2 Step Word Problems
Quiz
•
KG - University
20 questions
Comparing Fractions
Quiz
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Latin Bases claus(clois,clos, clud, clus) and ped
Quiz
•
6th - 8th Grade
22 questions
fractions
Quiz
•
3rd Grade
7 questions
The Story of Books
Quiz
•
6th - 8th Grade
