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Personal Finance
Personal Finance
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StudBud Administration
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This Quiz is designed to test the knowledge of personal finance for junior high students.
Flashcards
14 cards
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Practice quiz
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Questions
14
Answers
1
Select the most secure investment option.
A Friend's Company
A Bank Loan
A Savings Account
The Stock Market
2
People who can borrow money with low interest rates are said to have what?
Anything They Want
Good Credit
High Income
Zero Debt
3
This is a fee paid to use someone else's money.
Dowry
Interest
Cash
Barter
4
Why is money management important?
It will make me rich with little effort.
It really isn't important.
It will help me to save and spend appropriately.
It will ensure that I spend all of my money.
5
What is a plan for saving and spending called?
A Loan
A Budget
Income
Debt
6
A debit card is like an electronic check.
False
True
7
What is NOT a form of money?
Coins
Cash
Gold
Checks
8
If I have 3 dollars, 2 nickles, 3 quarters, and 6 pennies, how much money do I have?
$3.16
$3.21
$3.66
$3.91
9
What is money that you earn from working or gain from investments?
Budget
Income
Credit
Loans
10
This is a means of buying something now and paying for it later.
Debt
Insurance
Income
Credit
11
What is a form of investing?
Buying Food
Selling Goods or Services
Real Estate
Earning Income
12
A debit card charges interest, while a credit card does not.
True
False
13
What happens if you spend more money than you earn?
You can't.
You will have to pay it back, often with interest.
Someone gives you money to make up for it.
You will be arrested.
14
What is a way to keep money safe for future spending?
A Credit Card
A Bank Loan
A Savings Account
A Car Loan
