Personal Finance Test

Personal Finance Test

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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25 questions

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1.

FLASHCARD QUESTION

Front

Which of the following is not a determinant of credit worthiness? Character, Capacity, Capital, Regressive tax

Back

Regressive tax

2.

FLASHCARD QUESTION

Front

Before investing/saving, people should satisfy their

Back

Needs

3.

FLASHCARD QUESTION

Front

The potential for loss is

Back

Risk

4.

FLASHCARD QUESTION

Front

On average, who is likely to make more money during their working career? A college graduate, A high school dropout, A high school graduate, A tech school dropout

Back

A college graduate

5.

FLASHCARD QUESTION

Front

What is the penalty if you withdraw money from any of your retirement accounts early?

Back

The money you withdraw will be taxed at your regular tax rate.

6.

FLASHCARD QUESTION

Front

A guarantee of repayment required by lenders is called

Back

Collateral

7.

FLASHCARD QUESTION

Front

A reward or punishment designed to alter behavior is called a/an

Back

Incentive

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