Alyssa’s childcare provider called to tell her that the provider’s young daughter woke up ill and she won’t be able to care for Alyssa’s son today. Alyssa’s friend, who is a stay-at-home mother, agrees to care for Alyssa’s son today so Alyssa can go to work. Alyssa has utilized
What is social capital
100
Which statement is true of government assistance programs?
What is The ultimate goal of government programs is for individuals to become self-sufficient and independent
100
Which statement best reflects the philosophy of pay yourself first?
What is An individual should set aside a predetermined amount of money for saving before using any of that money for spending.
100
In relation to the other options, how liquid is a savings account?
What is More liquid than a Certificate of Deposit
100
A bond is:
What is A type of debt that a company issues to investors for a specified period of time.
200
Steven is moving into his first apartment in a few weeks and has been busy packing. In addition to the things he has purchased with money earned from his full-time job, his parents have told him that he can take the furniture in his bedroom and his bedding when he moves out. His parents are providing for him with which type of income
What is in-kind income
200
Which federal program assists low income families in purchasing nutritious foods?
What is SNAP
200
Dylan is preparing a presentation about saving and the presentation rubric says that he must include an explanation of compounding interest. Which of the following statements would be the best one to include in his presentation to show that he understands compounding interest?
What is earning interest on interest
200
Hannah needs a savings tool to help her manage her everyday purchases. The savings tool needs to be very liquid and accessible. Which of the following savings tools should Hannah choose?
What is Checking account
200
Which of the following statements is true in regards to paying taxes on investments?
What is Taxes are often owed on profits generated from investments.
300
Erica is an active member of the Silver Cord program at her school. Through this program she commits to completing at least 25 hours of community service each year of high school. Her advisor has encouraged her to explore volunteering with non-profit organizations. Which of the following would qualify as a non-profit?
What is Big Brothers/Big Sisters
300
Due to unexpected circumstances, Ariel is temporarily receiving income from a government assistance program. The funds she receives through the government program are most likely funded by:
What is taxes at the local, state, and federal levels
300
When a goal has been set to save $100.00 a month for an emergency fund of $2000.00, giving up food from the vending machine to achieve that goal is the:
What is trade-off
300
Brett plans to save money toward purchasing a car. His co-worker is telling him about a Money Market Account he has that offers a tiered interest rate. What is Brett’s co-worker talking about?
What is The amount of money he earns depends on the balance, i.e. the higher the account balance the higher the interest rate he would earn.
300
Which statement is TRUE of mutual funds?
What is Mutual Funds are diversified investments
400
Employment opportunities for Jackie and David are limited, but they both have jobs earning just a bit more than minimum wage. Which federal program will encourage them to file a tax return by offering a financial incentive to them?
What is Earned income tax credit
400
When taking advantage of the time value of money, which of the following is most likely to result in the largest return?
What is Invest as long as possible and at the highest interest rate possible.
400
Which of the following is a feature of a money market deposit account
What is Tiered interest rates
400
Conner wants to purchase stocks with the money he received from his tax return. Who would he contact to make the transaction?
What is A brokerage firm
500
Medicaid is provided by the Federal Government for individuals in specified circumstances. In which of the situations below would the individual most likely be receiving Medicaid funds?
What is Rachel is a seventeen year old high school student who is pregnant and needs assistance with her medical expenses
500
Kylee’s Personal Finance class When has been discussing the importance of understanding liquidity and she is trying to explain the term to another student. Which statement is most correct description of liquidity?
What is how quickly and easily an asset can be converted into cash
500
Which of the following is a feature of a certificate of deposit (CD)
What is .Funds deposited in a CD are held for a certain length of time
500
Harris is concerned about the effects of inflation on his investment returns. Which statement best describes inflation?