Personal Finance Final Exam

Personal Finance Final Exam

9th Grade

21 Qs

quiz-placeholder

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Personal Finance Final Exam

Personal Finance Final Exam

Assessment

Quiz

Business

9th Grade

Easy

Created by

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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