Financial Fun
Assessment
•
T Binns
•
Geography
•
7th Grade
•
54 plays
•
Hard
Student preview
15 questions
Show answers
1.
Multiple Choice
What is credit?
A long term savings account
A loan you agree to pay back at a later time with interest & fees
A short term savings account
A share in a company
2.
Multiple Choice
What are the 3 Cs of Credit Worthiness?
character, cash, and checking
cash, consumer, and charge
choice, checking, and capacity
character, capacity, and collateral
3.
Multiple Choice
Which of the following are illegal and deceptive practices?
employee discounts
deceptive advertising
credit offers
aggressive salesmanship
4.
Multiple Choice
According to the Rule of 72, how long will it take for $250 to double in an account earning 9% interest?
$500
9 years
6 months
8 years
5.
Multiple Choice
Which of the following NOT an advantage of having a savings account?
Savers can withdraw money as needed.
Savers can earn interest on their money.
Savers can maintain small balances
Savers can earn higher interest rates than other optiobns
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