F.1 CES - Chapter 1.3 - Revision

F.1 CES - Chapter 1.3 - Revision

7th Grade

12 Qs

quiz-placeholder

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F.1 CES - Chapter 1.3 - Revision

F.1 CES - Chapter 1.3 - Revision

Assessment

Quiz

Social Studies

7th Grade

Medium

Created by

Eric Wong

Used 3+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following financial products are relatively risky?

Time deposit

Bonds

Stocks

Insurance

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What are the risks of not being able to repay your debts?

Lowering credit scores

Leading to bankruptcy

Causing stress

Not being able to apply for credit cards in the future

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by "Mortgage"?

A mortgage is a loan secured by real estate.
A mortgage is a government grant.
A mortgage is a rental agreement.
A mortgage is a type of insurance.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is meant by "Overdraft"?

An overdraft is a financial situation where a bank account balance goes below zero due to withdrawals exceeding available funds.
A method of saving money in a bank account.
A fee charged by banks for account maintenance.
A type of loan that must be repaid immediately.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by "Insurance"?

Insurance guarantees profit on investments.
Insurance is a government program for free healthcare.
Insurance is a contract that provides financial protection against risks.
Insurance is a type of investment.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by "Credit cards"?

Credit cards are a type of payment card that enables users to borrow money for purchases.
Credit cards are a form of cash that does not require repayment.
Credit cards are only used for online shopping.
Credit cards are a type of loan that must be repaid with interest.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by "Stocks"?

Stocks are shares that represent ownership in a company.
Stocks are physical goods stored in a warehouse.
Stocks are cash reserves held by a company.
Stocks are government bonds.

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