
EcoEx
Authored by Gary Norris
Arts
10th Grade
Used 11+ times

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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 —
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