What is the term for the total value of money and assets owned by an individual, minus any debts?
Financial Future

Quiz
•
Social Studies
•
12th Grade
•
Hard
Kimberly A Van Horn
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Income
Wealth
Expenses
Loan
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes a "budget"?
A plan for how to spend and save money
A type of investment
A loan from a bank
A retirement account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a "down payment" most commonly associated with?
The amount paid monthly for insurance
The initial payment made when buying something on credit
The interest earned on savings
The total cost of a property
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which financial product is specifically designed to provide income after retirement?
Emergency Fund
Retirement Fund
Savings Account
Loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of an emergency fund?
To pay for vacations
To cover unexpected expenses
To invest in stocks
To pay property taxes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a fixed expense?
Groceries
Mortgage payment
Entertainment
Clothing
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account is best suited for keeping money safe and easily accessible for daily expenses?
Savings Account
Mutual Fund
401(k)
Bond
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