Personal Finance Test Review
Quiz by Denton Elkins
Grade 9-12
Social Studies
Georgia Standards of Excellence
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Measures 7 skills from
Measures 7 skills from
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22 questions
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- Q1Anything of value that can be used for a loancollateral30sSSEPF2
- Q2three things a bank offersaccept deposits, extend credit, provide loans30sSSEPF2
- Q3an association similar to a bank, but has exclusive membershipcredit union30s
- Q4motivation that keeps you from doing or having somethingnegative incentive30sSSEF2
- Q5insurance for when you are sick.health insurance30sSSEPF5
- Q6best type of interest for saving moneycompound interest30sSSEPF4
- Q7Shares of a company that gives a part of ownershipstocks30sSSEPF2
- Q8loans TO the government or a business, also a least risky investmentbonds30sSSEPF2
- Q9a college degree can result inhigher work earnings30sSSEPF6
- Q10an agreement where a buyer receives a good or service in the promise to pay latercredit30sSSEPF6
- Q11you pay this when you borrow money, but earn it when you loan moneyinterest30sSSEPF2
- Q12Why do banks charge a higher interest on loans and pay a lower interest in savings accounts?to earn a profit30sSSEPF2
- Q13type of tax based on percentage of incomeproportional tax30sSSEPF3
- Q14best way to save money for a tripplace in an interest earning savings account30sSSEPF2
- Q15when you look at the marginal benefit vs the marginal cost, you aremaking a rational decision30sSSEPF1