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EcoEx

Authored by Gary Norris

Arts

10th Grade

Used 11+ times

EcoEx
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40 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

One of the obligations of borrowing money is to —

cosign loans for others

make payments on time

request the lowest interest rate possible

designate in your will who pays the loan

2.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

A first step to beginning a savings program would most likely be to —

obtain credit

open a checking account

set financial goals

sign up for Direct Deposit

3.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

One of the benefits of renting a home is that the cost of maintenance is —

refunded with the deposit

covered by renters insurance

cheaper in a rental property

the responsibility of the landlord

4.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

Which of the following retirement investment options is usually offered as a benefit of employment?

Bonds

401(k)

Mutual Funds

college tuition reimbursement

5.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

One of the financial advantages of donating to charitable causes is that the donation can be —

viewed as a capital gain

used to fund investments

considered a tax deduction

taken directly from a paycheck

6.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

What is one advantage to placing savings in a high-risk investment as oppose to putting savings in a low-risk investment?

The tax rate on high-risk investments is lower.

The amount of money needed to invest is lower.

The money is more secure in a high-risk investment.

The potential rate of return on investment is higher.

7.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

A long-term cost of owning a home includes —

Grocery expenses
Car insurance
Property taxes, homeowners insurance, maintenance and repairs, utilities, potential HOA fees
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