
Personal Finance Concepts and Decisions

Interactive Video
•
Business
•
9th - 12th Grade
•
Hard

Mia Campbell
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What financial decision is being considered with the $200 left over after expenses?
Going on a vacation
Saving for a new house
Paying off debt or investing
Buying a new car
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the rule of thumb interest rate that helps decide between paying off debt or investing?
8%
7%
6%
5%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your debt interest rate is below 7%, what is generally more beneficial?
Saving in a bank account
Investing in an index fund
Buying luxury items
Paying off the debt
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the scenario with a 5% debt interest rate, how much interest is accrued if only minimum payments are made?
$2,000
$2,400
$1,700
$1,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the net gain when investing $200 per month at a 7% return while having a 13% debt interest rate?
$5,800
$2,400
$10,000
$7,800
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of debt typically has the highest interest rates?
Car loans
Mortgages
Credit card debt
Student loans
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the recommended minimum amount for an emergency fund?
$500
$1,000
$2,000
$3,000
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