1
Which of the following is considered a need?
2
A value can be described as __________, while value is described as ___________. Hint, look at your Unit 1 Vocab
Choose one or more answers
3
Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500 down payment and has already saved $1,300. If he can save $150 each month for this goal to buy a car, how long will it take him to save the entire $2,500?
4
Shaunda wants to buy her grandmother’s car to drive back and forth to college next year. Her grandmother agrees to sell Shaunda the car for $1,200 in a year and a half. This is an example of what type of goal?
5
You are budgeting your net pay of $2500 per month. You estimate your monthly costs to be rent of $800, car expenses of $650, utilities of $200, insurance of $350, food for $200, and other expenses of $100. What is the end result?
6
Buying diamond earrings, Paying monthly rent, Buying clothes to wear to work, and Putting gas in your car to get to work Which of these is an example of a want?
7
Module 2-Borrowing: Car loan, Library card, Mortgage, or Credit card Which is not a type of credit?
8
Which of the following agencies provide free credit reports for consumers?
9
Credit experts recommend that you check the status of your credit reports at least this often.
10
Getting bonus pay from your employer, Living with your parents to cut down on monthly expenses, Paying cash for a used car, Making a late car loan payment Which negatively impacts your credit score?
11
Who is responsible for reporting identity theft/fraud?
12
Which of these represents the BEST financial reason for agreeing to give a friend or family member a personal loan?
13
Samuel receives an email saying he was entered into a drawing, he's won $10,000, and he just needs to send in the $150 he owes in taxes on the winnings in order to claim his prize. What should Samuel do next?
14
Which age group do scammers primarily target?
15
Module 3-Earning Power: Your career choice, the amount of overtime you work, and your ability to balance work and personal life Which is a major factor in helping you achieve your financial goals?
16
You work less hours and decrease your take-home pay in order to get better grades in school, Buy a school yearbook, You decide not to go to the movies, or Put gas in your car Which is an example of an opportunity cost?
17
Luiz has worked 35 hours in week one and 35 hours in week two. He earns $10.50 an hour and is paid every two weeks. What is his gross pay for the last two-week pay period?
18
Anna receives her first paycheck and realizes that her take-home pay is substantially less than the salary she was promised in her offer letter. Which one of the following are deductions being taken from Anna’s paycheck?
19
Which of these best describes the difference between gross pay and net pay?
Choose one or more answers
20
Module 4-Investing: A dollar today is worth more than a dollar tomorrow What concept in class does the statement above represent?
21
The basic rule of a risk-to-return relationship is that …
22
Kyle isn’t willing to take much risk with his money as he sets money aside to use when he buys a car next year. Which one of the following types of investments potentially has the lowest investment risk?
23
Which statement below is true about mutual funds?
24
Which one is not an example of investing?
25
How does investing in the stock market differ from putting money in a savings account at a bank?
26
Which type of bond is generally considered "risk-free" since the issuer of the bond has the ability to print money to meet their obligations?
27
Which investment vehicle represents an ownership interest in a company?
28
Which of the statements below BEST describes the relationship between risk and return when considering an investment?
29
Module 5-Financial Services: After you write and sign your check, who can legally cash the check?
30
Who is responsible for confirming your bank account balance?
31
You can do all of the following at an ATM except which of the following banking actions?
32
Which of the following would be a good reason to use online banking?
33
When making a decision about a financial product (loan, savings account, credit card, etc.), which of these pieces of advice is LEAST valuable?
34
Which one of the following is NOT a benefit of using online and mobile banking?
35
Module Six-Insurance: What is an insurance premium?
36
What statement below best describes Social Security?
37
Your health insurance plan has a $20 copay for certain covered prescription medications. You arrive at the pharmacist and pick up your prescription (which is covered under your plan) which has a list price of $75. How much would you pay the pharmacy?
38
You rent an apartment close to work. Someone broke into your apartment last night and stole all of your electronics. What type of insurance would cover your stolen items?
39
While biting into a piece of delicious cherry pie, you crack your tooth on a cherry pit. What type of insurance would cover repairing your broken tooth?
40
While working at the grocery store, you injured yourself while using the slicer at work. What form of insurance covers your injuries?
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