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25 questions
A new pair of designer sneakers is an example of a:
Need
Want
Which of the following is NOT part of a budget?
Income
Fixed Expenses
Charitable Giving
Opportunity Costs
Advertisements are the best source for gathering information about goods and services.
True
False
Expenses that fluctuate up or down each month based on the decisions a person makes is called:
Variable Expense
Invariable Expense
Personal Expense
Which of the following has the highest unit price?
8 apples of $6.00
2 oranges of $0.75
6 lemons for $2.00
A debit card is directly connected to a person's:
Bank Account
Mobile Phone
Credit Card
There is no penalty for missing a credit card payment.
True
False
Fixed amount that's paid to students or interns on a scheduled basis.
Bonus
Commission
Stipend
Which of the following factors are used to determine a credit score?
Payment History
Amount Owed
Length of Credit
All of the options listed
The amount of pay a person takes home after taxes are taken out is called:
Gross income
Net pay
A wage
The statement "I love to learn new things" is an example of a:
Job Preference
Job Skill
Desirable Characteristic
Which degree type is typically earned at a community college?
Associate Degree
Bachelor's Degree
Master's Degree
Someone with a professional degree can make almost 3 times more over a high school graduate.
True
False
In a labor market, supply is:
How many people want to work in a field
How many job openings there are in a field
Type of savings account designed to help students and their family save up for higher education
520 College Savings Plan
Money Market Account
Mortgage
The amount of money a business makes from sales each month is called:
Expenses
Revenue
Loss
A profit is when........
Revenue is greater than loss
Loss is greater than revenue
Which of the following is an interest bearing account?
Savings Account
Checking Account
Credit Card
Certificates of Deposit are best for:
Long term savings
Short term savings
Savings accounts typically allow an unlimited number of withdrawals.
True
False
The monthly amount of money a person pays for insurance is called a:
Copay
Premium
Deductibles
What is the name of the place where stocks are traded?
Trading Post
Bank
Stock Market
Which type of car insurance covers damage to a vehicle in the case of storms or theft?
Liability
Collision
Comprehensive
A bond from high-quality borrower, like the U.S. government is considered to be what risk?
Low
Medium
High
A low risk portfolio is best for someone who is close to retirement.
True
False
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