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- 1. Multiple Choice
Alex has 2 savings goals that will take him more than 3 years to complete. What type of savings goal is this?
Long Term
Medium Term
Short Term
- 2. Multiple Choice
True or False: Some banks pay you interest on the amount of money you have in a savings account.
True
False
- 3. Multiple Choice
Why is it smart to save your money even if you don't have a savings goal
So you can purchase the newest gaming console every time
In case of any unplanned costs or emergencies
It is not a smart idea to save your money unless you have a savings goal
- 4. Multiple Choice
John wants to buy a new tv. With his income, he should have enough to purchase it in 1 month. This is considered a....
Long term savings goal
Medium Term Savings goal
Short Term Savings Goal
- 5. Multiple Choice
You are given a $1,000 bonus at work. In the past year, you have had a few unplanned expenses that nearly bankrupted you. You also have been wanting a new Lego set. What is the wisest compromise to make?
Save all of the money from the bonus
Spend all of your bonus on Lego sets
Purchase a Lego set (less than $100) and put the rest into your savings
- 6. Multiple Choice
How does a high skill job compare to a low skill job
The high skill job takes more training and pays more
The low skill job takes more training and pays more
The high skill job takes more training and pays less
The low skill job takes less training and pays more
- 7. Multiple Choice
Joe works for an insurance business Monday through Friday from 9:00am to 5:00pm. Joe has a _______ job.
Full time
Part time
- 8. Multiple Choice
Mike works for an ice cream shop after his college courses. He does it to earn a little bit of money on the side, but he spends most of his day on campus in class. He usually works 15 hours in a week. Mike has a _________ job.
Full time
Part time
- 9. Multiple Choice
Despite its high risk, which of the following has the highest return? (you can make the most money this way)
Investing in stocks
Putting your money in a saving account
Buying government bonds
- 10. Multiple Choice
If you want to buy a car or a home, and you don't have all the money for it, what can you do?
Start saving
Take out a loan
Use your debit card
Use your credit card
- 11. Multiple Choice
A ________ is a plan to help manage your spending.
Budget
Credit
Loan
Savings account
- 12. Multiple Choice
________ means using the money you have to try and grow your wealth
Credit
Investing
Loan
Savings account
- 13. Multiple Choice
Businesses can also invest in their equipment to try and be more efficient. An example of this includes...
Giving all employees a bonus
Hiring less workers
Updating equipment like computers and other technology
Lowering the base pay of all workers
- 14. Multiple Choice
Credit means to ________ money with the intention of paying it back later
Borrow
Budget
Savings account
- 15. Multiple Choice
Paying for something using your money is known as.....
Budget
Savings
Credit
Spending
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