Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Unit 4 Test Review - Economics
Test Description: Unit 4 Test Review
Instructions: Answer all questions to get your test result.
1) One of the benefits of home ownership includes —
A
paying property taxes
B
funding large capital outlays
C
purchasing insurance
D
building equity
2) In order to qualify for a mortgage a loan officer will consider an applicant’s net worth. Which of the following is subtracted from assets to determine net worth?
A
mutual funds
B
bonds
C
liabilities
D
interest rates
3) Which of the following is not an annual cost of owning a home?
A
paying for new furniture
B
Making payments on principal, interest, and insurance
C
keeping up with repairs and maintance
D
paying property taxes
4) One potential risk from investing in the stock market is the loss of —
A
portfolio diversification
B
purchasing power
C
investor tolerance
D
earned interest income
5) Which investment is considered the most secure in a retirement plan?
A
mutual fund
B
individual retirement account
C
public bond
D
401(k)
6) One effect of an increase in the amount of savings in an economy is —
A
a decrease in retirement investments
B
a decrease in the production of goods and services
C
an increase in financial resources for business investment
D
an increase in consumer spending
7) Loans that are obtained by offering an asset to guarantee repayment of the loan are considered —
A
repossesed
B
secured
C
default
D
insecure
8) Investments with high rates of return are generally accompanied with —
A
low risk
B
nothing
C
very high risk
D
no risk
9) The most effective way to manage credit card debt is by —
A
working a part-time job to pay for credit
B
paying off the balance each month
C
paying the minimum balance
D
finding a credit card with the lowest interest rate
10) Which type of bank account is not insured?
A
checking
B
money market fund
C
mutual fund
D
savings
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?