Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Personal Finance
Test Description: Personal Finance
Instructions: Answer all questions to get your test result.
1) Which would be an example of an income?
A
Shopping for food
B
Wages from job
C
Tickets to a football game
D
Buying your mom a present
2) a plan for how income will be spent.
A
deposit
B
budget
C
debit
D
credit
3) The money you pay the government when you purchase some items.
A
Income taxes
B
Sales taxes
C
Property taxes
D
Payroll taxes
4) Store has a sale of 20% off. Jane buys a shirt that usually cost $20. How much did she save?
A
$20
B
$16
C
4%
D
$4
5) Chili's requires an 18% tip for the server. Your food cost $78. What is your final bill?
A
$96.00
B
$14.04
C
$94.00
D
$92.04
6) Find the commission of selling a new cell phone : $2,000, at 7.5% commission rate
A
$75.00
B
$250.00
C
$1,500.00
D
$150
7) Commission usually applies to which of the following occupations
A
Real estate
B
all occupations listed
C
Car dealer
D
retail- clothing sales
8) Which of the following impacts a persons earnings?
A
Ability of advancement
B
Ability to find employment
C
All answers listed
D
Career choice
9) Which is NOT a form of borrowing?
A
Cash advances
B
investing in bonds
C
Buying on installment
D
buying with a credit card
10) What is the difference between saving and investing?
A
Investment accounts generally earn a lower return than savings.
B
savings accounts generally earn a higher return than investments.
C
savings can only be used for emergencies
D
the amount of return and the availability of the funds.
11) Which would be considered the highest risk investment type?
A
collectibles
B
mutual funds
C
bonds
D
Stock
12) Why is it important to start investing as soon as possible?
A
Investing is an easy way to make quick money
B
You have more time for your money to compound interest
C
You take less risk when you are young, so money will be safe
D
Fees on investments are cheaper when you are younger
13) Which of the following is not a type of investment?
A
Real estate
B
bonds
C
payday loan
D
stocks
14) Which of the following is not a benefit of saving?
A
Save for future purchases
B
encourages a healthy economy
C
earn income
D
earn high interest
15) A key difference between saving and investing is
A
Savings is for everyone, investing if for the wealthy
B
Saving is emergencies goals, investing is long-term wealth
C
Investing has a guaranteed return, savings does not
D
Your money is insured when investing, it is not in 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?