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