Personal Finance For Highschool Students Quiz

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  • 1/10 Questions

    Which of the following statements about saving is true?

    • You only need to save for your long-term goals.
    • You can categorize expenses under-saving if you got a discount on them.
    • Saving money consistently each month can help you prepare for the future.
    • None of the above
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About This Quiz

How good is your knowledge of personal finances? Take this personal finance for high school students quiz to see how much you know. Personal finance is basically the financial management that a person performs to spend monetary resources over time, considering the various financial risks and future life events. If you know it well, it is time to test your knowledge with this high school quiz and get a 100% score on this.

Personal Finance For Highschool Students Quiz - Quiz

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  • 2. 

    When deciding between which of the two items to purchase, one should always:

    • Choose an item after the comparison of costs and benefits of both items.

    • Choose the item that costs less.

    • Choose the item with the greatest benefits.

    • There is nothing in particular.

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  • 3. 

    A percentage paid to a lender for the use of borrowed money is called

    • Credit

    • Debit 

    • Loan

    • Interest

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  • 4. 

    Which of these has historically had the highest rate of return over long periods of time?

    • Stocks

    • Bonds

    • Bank savings account

    • Funds

    Rate this question:

  • 5. 

    What do you mean by interest?

    • The amount you earn for keeping money in a savings account is expressed as a percentage.

    • The amount you pay for borrowing money is expressed as a percentage.

    • Both of the above

    • None of the above

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  • 6. 

    What is a bear market?

    • A time when investors are acting aggressively.

    • A time when stock prices are rising.

    • A time when stock prices are inappropriate.

    • A time when stock prices are falling.

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  • 7. 

    What does FDIC Insured mean?

    • The bank has insurance against fires and floods for up to $250,000.

    • The federal government will repay your deposits of up to $250,000 if the bank fails.

    • The bank will owe you $250,000 if they make a mistake.

    • All of the above

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  • 8. 

    Which of these would be expected to hold its value best during a time of inflation?

    • A house

    • A deposit certificate

    • A corporate bond

    • A car

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  • 9. 

    Which of the following functions is primary in case of insurance?

    • Making risk disappear.

    • Making someone else pay for an accident or loss.

    • Pooling and sharing risk among the insured.

    • None of the above

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  • 10. 

    Which of these is not a fee that is sometimes charged to a checking account?

    • Overdraft fee

    • Minimum balance fee

    • ATM fee

    • Excessive withdrawals fee

    Rate this question:

Quiz Review Timeline (Updated): Aug 16, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Aug 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 26, 2022
    Quiz Created by
    Sophia Smith
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