Financial Literacy
In the factors to consider when selecting a career, culture means what?
A. Work hours, travel, and work-life balance
B. Pace, teamwork, and personality fit
C.Salary and growth
D. Interest and passion for the job
B. Pace, teamwork, and personality fit
Which is not considered an investment?
A. House
B. Savings Account
C. Car
D. Bonds
C. Car
How many factors are listed to consider when selecting a career?
A. 3
B.4
C.5
D. 6
C.5
Bonds are less risky than stocks.
True
False
True
What is APR?
A. Annual Progression Rate
B. Automatic Percentage Return
C. Annual Profit Rate
D. Annual Percentage Rate
D. Annual Percentage Rate
What is the minimum time to earn a college degree?
A. 2yrs
B. 4 yrs
C. 6 yrs
D. 8yrs
A. 2yrs
What is the minimum amount of time to earn a certificate after high school?
A. 1 year or less
B. 2 yrs
C. 3 yrs
D. 4 yrs
A. 1 year or less
How long does it take to earn an associates degree?
A. 1 yrs
B. 2 yrs
C. 3 yrs
D. 4 yrs
B. 2 yrs
What are stocks?
A. Money is paid for an ownership piece of the company.
B. Money is given for a career in the company
C. You are paid interest for loaning the company money
D. It is a type of bond
A. Money is paid for an ownership piece of the company.
Apprenticeships allow you to do what?
A. Earn Money
B. Earn a credential
C. All of the above
D. None of the above
C. All of the above
To be a lawyer, you need what type of degree?
A. no degree
B. master degree
C. bachelors degree
D. Advanced degree
D. Advanced degree
What is interest?
A. The cost of a product
B. The cost of borrowing money
C. The cost of a stock
D. The cost of a bond
B. The cost of borrowing money
Loaning money to a company is what form of investment?
A. Stocks
B. Bonds
C. Retirement Account
D. Savings Account
B. Bonds
If a starting salary is $50,000 and the ending salary is $100,000, what is the median salary?
A. $75,000
B.$80,000
C.$70,000
D. $78,000
A. $75,000
Which is riskier?
A. Savings
B. Investing
B. Investing
If a starting salary is $40,000 and the ending salary is $100,000, what is the median salary?
A. $60,000
B.$75,000
C.$70,000
D. $65,000
C.$70,000
If Mrs. Berry is 45 years old, according to the age equation, how much should he invest in stocks?
(120-age=% stocks)
A. 75%
B. 25%
C. 60%
A. 75%
What is the default investment ratio for stocks and bonds? Choose two.
A. Stocks 60%
B. Bonds 40%
C Stocks 40%
D Bonds 60%
A. Stocks 60%
B. Bonds 40%
What are bonds?
A. Buying a piece of a company
B. Donating money to a company
C. Selling a company
D. A loan to a company
D. A loan to a company
If Mrs. Berry is 50 years old, according to the age equation, how much should he invest in bonds?
A. 70%
B. 30%
C. 40%
D.
B. 30%