Personal Finance Final Exam
Quiz
•
Business
•
9th Grade
•
Easy
Joanna Lee
Used 1+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You should always make sure you have a ….
Credit card
Direct deposit
Credit line
Budget
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the First Foundation?
Open a checking account.
Save a $500 emergency fund.
Build wealth and give.
Pay cash for college.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ________ financial goal takes up to two years to reach.
Long-term
Medium-term
Short-term
Five-level
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a component of a budget?
Credit score
Saving
Income
Giving
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Going to the movies is an example of what types of expenses?
Intermittent and variable
Discretionary and variable
Discretionary and fixed
Intermittent and fixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The interest rate on a savings account determines……
How much money you need to have to open the account.
How much you will pay the bank to manage the account.
The amount of time your money will be in the account.
How quickly your money will grow over time.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compound interest is earned at a fixed rate, while ________ is an average based on an investment’s past performance.
The principal
Interest rate
The Fifth Foundation
Compound growth
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