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Personal Finance Quiz 1 Flashcards | StudBud
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Personal Finance Quiz 1
Personal Finance Quiz 1
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Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
Name my favorite casual shoe
Baby Phats
Converse
Jordans
Nike
2
When a check is written, the money from your checking account is removed equal to the value
False
Ture
3
I want a new cage for Oreo the Bunny. What should I use to keep my money?
Piggy Bank
Savings
Checking
4
What factor helped you sell better on a cold, rainy day?
Recipe
Temperature
Lower Price
Less Ice Cubes
5
Do you have a favorite TV show (I don't really have one)
Yes
No
6
Movies were relatively weak for me this year. Were there any you liked?
No
Yes
7
Credit Unions typically offer similar services as regular banks
False
True
8
The Yik-Yak Yoyo Company invests 15% of its stock. How many years will this take to double?
4.8 Years
Yik-Yak Yoyo?
4 Years
4.9 Years
9
What is one thing these both FDIC & FCUIA insure?
Deposits
Widhdrawls
10
What is one disadvantage to Money Market Accounts?
No Loans
Bad Jobs
Higher Interest
Extra Paperwork
11
A woman wants to go on a shopping spree. Which account best supports his choice
Savings
CoD
Checking
12
20,000 of a product goes to a store that gets 12,000 people a day. It sells out in 1 day. Why?
High demand
Low Supply
13
What is interest?
Money gained for saving money over time
Annoying at times
Amount due back for borrowing money over a period of time
Money
14
Mr. Monopoly saves $2.5 million for 5 years to earn $225,000. What was his interest rate?
5%
10%
He's too rich for his own good
3%
15
Moneybags saves up $500,000 worth of gems for 9 years at a rate of 7%. What was his interest?
$10,000.00
$919,229.61
He gets it pounded out of him anways
$919,239.61
16
A Gel pen firm saves up 5% of its stock. How long will it take to double?
14.3 Years
9 Years
14 Years
14.4 Years
17
I don't watch sports, but do you have a favorite team?
No
Yes
18
I had a 3rd grade teacher whose name is fourth in the rainbow. Guess her name
Mrs. Spectra
Mrs. Blue
Mrs. Green
Mrs. Matthews
19
Mario saves up 100 coins for 25 years at a rate of 9%. How many coins has he accumulated?
225 Coins
500 Coins
325 Coins
9000 Coins
20
On a paycheck stub, what are common deductions?
Federal Income
Overtime
Medicare
Insurance
21
Disney launches a program to revive Toon Disney. At a rate of 30%, when will this double?
2.4 Years
5 Years
2.5 Years
2.6 Years
22
On a paycheck stub, what is your gross pay?
Yearly Income
Your total income before deductions
Dirty money
Overall money ever
23
Tiffany saves $500.00 for 2 years at a rate of 20%. What was her interest?
$710.00
$720.00
$820.00
$700.00
24
CoDs are useful for...
Stealing Money
Depositing money for certain amounts of time
Printing money
Storing money
25
Nick saves money to bring back old shows at a rate of 17%. How long will it take to double?
7 Years
8 Years
4 Years
Nick is defunct