Have an account?
Skip to Content
Build your own quiz
12 questions
Show Answers
See Preview
- 1. Multiple Choice
A period of temporary economic decline during which trade and industrial activity are reduced; generally identified by a fall in gross domestic product (GDP)
recession
failure
crash
- 2. Multiple Choice
A person or business that offers loans at extremely high interest rates
entrepreneur
loan shark
creditor
- 3. Multiple Choice
All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.
Personal finance
Economy
- 4. Multiple Choice
A person or organization that uses a product or service
consumer
borrower
- 5. Multiple Choice
A fee paid by a borrower to the lender for the use of borrowed money.
bills
interest
- 6. Multiple Choice
A system by which goods and services are produced and distributed
economy
liabilities
- 7. Multiple Choice
A debt evidenced by a "note," which specifies the principal amount, interest rate and date of repayment
bank fee
loan
- 8. Multiple Choice
The knowledge and skill set necessary to be an informed consumer and manage finances effectively
financial literacy
budgeting
- 9. Multiple Choice
An obligation of repayment owed by one party to a second party
debt
ownership
- 10. Multiple Choice
The granting of a loan and the creation of debt; any form of deferred payment
annual fee
credit
- 11. Multiple Choice
Only a few people in America have the ability to become a millionaire.
True
False
- 12. Multiple Choice
Money earned
spend
income
purchase
- Answer choicesTagsAnswer choicesTags