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Personal Finance Questions - All Grades

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Grade 9 Personal Finance
What are expenses?
  1. a bank account
  2. things you spend money on
  3. a plan for spending and saving money
  4. a card that acts like a check
Grade 5 Personal Finance
Grade 9 Personal Finance
Which type of bank account typically offers no interest?
  1. Savings
  2. Money market
  3. Certificate of Deposit
  4. Checking
Grade 11 Personal Finance
How is a long-term loan different from a short-term loan?
  1. A short-term loan is for a maximum duration of 12 months while a long-term loan is for a maximum duration of 12 years.
  2. A short-term loan is for a maximum duration of 12 months while a long-term loan is for a minimum duration of 12 months.
  3. A short-term loan is for a maximum duration of 12 weeks while a long-term loan is for a minimum duration of 7 years.
  4. A short-term loan is for a minimum duration of 7 months while a long-term loan is for a minimum duration of 12 months.
Grade 11 Personal Finance
An initial payment made when something is bought on credit.
  1. asset
  2. balloon payment
  3. down payment
  4. insurance premium
Grade 9 Personal Finance
Grade 5 Personal Finance
Grade 5 Personal Finance
Grade 12 Personal Finance
Insurance against the risk of incurring medical expenses.
  1. Term Life Insurance
  2. Health Insurance
  3. Universal Life Insurance
  4. Coinsurance Clause
Grade 11 Personal Finance
Penelope wanted to get a better idea of how much credit she should extend. What areas should she look at?
  1. Her sales goals
  2. Number of customers she needs to attract
  3. Rent, salaries and insurance expenses
  4. How much money she wants to make
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