Show:
Careers
Saving and Investing
Credit Reports and Scores
Insurance
Spending Plans
100
Miranda is working to develop a broad base of transferable skills. This means that she: A. Needs to maintain at least a part time job during the school year. B. Use her available hours outside of school for paid employment rather than volunteering. C. Will not have as much time to develop her human capital. D. Will have a set a versatile skill that she can apply to many personal and professional roles.
A. What is versatile skills that she can apply to many personal and professional roles.
100
Compound interest is best defined as: a. Interest earned on the principal investment b. Any form of interest earned from saving or investing c. Earning interest on interest d. The effect interest has on the total return on investment
C. earning interest on interest.
100
Credit is:
What is goods, services, and/or money received in exchange for a promise to pay back a definite sum of money at a future date.
100
Risk is:
What is the uncertainty of achieving a desired result.
100
A spending plan is
What is An income and expense statement sometimes referred to as a budget which records both planned and actual income and expenses over a period of time.
200
An example of a transferable skill is a skill: A. used in your job that you acquired through past jobs, volunteering, hobbies, school sports, or other life experiences. B. that can only be used in an individual's job or career. C. that each employer requires you to learn. D. that is learned at one job and is required at other jobs as well.
What is A. used in your job that you acquired through past jobs, volunteering, hobbies, school sports, or other life experiences.
200
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? a. how quickly and easily an asset can be converted into cash. b. the amount of savings available. c. a measurement of how much a person or household owns once all debts have been. paid. d. the amount of money needed to pay for the necessities and comforts currently enjoyed.
What is a. how quickly and easily an asset can be converted into cash.
200
What are three U.S Credit Report Agencies?
What is Equifax, Experian, and TransUnion
200
What can insurance do?
What is reimburse you for unexpected losses or damages caused by a specific set of hazards.
200
Shelby is working on her spending plan and would like to spend less on her food for 6 months as she saves toward purchasing a more reliable vehicle. As she makes her plan, which factor would be least important to consider: A. How much time she has available to prepare food. B. The skills she has acquired for preparing meals. C. The nutritional value of the foods she purchases. D. Her personal preferences
What is D. Her personal preferences
300
Joanna has arranged to complete a job shadow with a physical therapist to decide if this is a career she wants to pursue. Which of her concerns is she MOST LIKELY to have answered as a result of her job shadow? A. The future outlook for physical therapy jobs B. The amount of money physical therapists earn C. Common tasks and typical daily activities D. Opportunities for advancement in the career
What is C. common tasks and typical daily activities.
300
When taking advantage of the time value of money, which of the following is most likely to result in the largest return? a. Invest a large principal amount of money and then make no additional investments. b. Invest as long as possible and at the highest interest rate possible. c. Invest a small amount of money for a short period of time at the highest interest rate possible. d. Invest at a high interest rate because interest is the only factor that affects return.
What is B. Invest as long as possible and at the highest interest rate possible.
300
What are examples of credit account information?
What is account balance, type of credit, and payment information.
300
The downside of risk is
What is the potential for loss. Can lose money, a relationship, your pride, your health, your ability to work, mostly anything you value.
300
Diana and Aaron have decided to develop a spending plan to help them gain control over their finances. Which of the following statements is NOT TRUE about spending plans? A. Spending plans are used to record planned income. B. Spending plans are used to record planned expenses. C. A spending plan includes items NOT usually included when creating a budget. D. When creating a spending plan, it is recommended that you examine your trade-offs and opportunity costs.
What is C. A spending plan includes items NOT usually included when creating a budget.
400
In order to make an informed career decision, a high school student will want to A. commit to a profession that requires a college degree B. choose a career that offers the amount of money desired C. develop personal goals, complete a career assessment, and research careers D. choose a training program that will guarantee employment after the coursework is completed
What is C. develop personal goals, complete a career assessment, and research careers.
400
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: a. opportunity cost b. interest c. specific part of the SMART goal d. trade‐off
What is D. trade-off
400
What are the two types of credit?
What is Closed-end credit(installment) and open-end credit(revolving).
400
A deductible is
What is a relatively small fraction of the loss that is required to be paid before the insurers pay anything.
400
When is your spending plan complete? A. When you have allocated all your income into categories for the month. B. When you have all of your current income and expenses recorded. C. Spending plans are always under revision so they are never complete. D. Spending plans are complete each December 31st as one year ends and another year begins.
What is C. A spending plan includes items NOT usually included when creating a budget.
500
Zoe has been assigned by her school counselor to complete a career assessment. Which statement BEST describes why her counselor has suggested she do this? A. Her counselor wants Zoe to find a career that will provide a high level of income to support Zoe's lifestyle and well-being. B. Her counselor wants Zoe to match her skills, abilities, interests and values with a list of specific occupations. C. Her counselor wants Zoe to conduct interviews with people in her area of interest to determine if she truly enjoys the career she wants to prepare for. D. Her counselor wants Zoe to search for a career that will allow occupational flexibility and provide for possible career advancement as she gains more experience working in her selected career.
What is B. her counselor wants Zoe to match her skills, abilities, interests and values with a list of specific occupations.
500
A bond is a. A type of debt that a company issues to investors for a specified period of time. b. A share of ownership in a company. c. A type of investment that is only offered by depository institutions. d. A type of investment that has the potential for significant fluctuations over a short period of time.
What is a. A type of debt that a company issues to investors for a specified period of time.
500
What information is not on a credit report? A. medical information, buying habits, and type of credit. B. Criminal background and account balance. C. Criminal background, buying habits, and medical information. D. Credit limit and payment information.
Criminal background, buying habits, and medical information.
500
A premium is
What is a fee that is only a fraction of the potential payout.
500
Michael wants to develop a spending plan for himself to use during his final year of high school. What will he need to do as his FIRST step? A. Decide what income and spending categories would reflect his values, needs, and wants. B. Decide how much money he can spend for each of the bills he pays each month. C. Track his current income and expenses. If he has already created an Income and Expense Statement then he has completed this step. D. Develop a control system that will work with his life style.
What is C. Track his current income and expenses. If he has already created an Income and Expense Statement then he has completed this step.