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W!SE TEST REVIEW 60

W!SE TEST REVIEW 60

Assessment

Flashcard

Business

11th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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64 questions

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1.

FLASHCARD QUESTION

Front

A person receives a $200 gift card. It is important for the person to

Back

read the conditions on the card or packaging about inactivity fees

2.

FLASHCARD QUESTION

Front

Which is the most important question to ask when comparing credit card offers? Options: What is the annual percentage rate (APR) on the credit card?, Can credit card payments be made before the due date?, How many people are using the card?, What time of the month are the payments due?

Back

What is the annual percentage rate (APR) on the credit card?

3.

FLASHCARD QUESTION

Front

A person has a car loan with a 10% interest rate. The loan would cost the least amount if it is paid back in

Back

3 years

4.

FLASHCARD QUESTION

Front

Which approach to money management indicates an understanding of the time value of money? Options: saving money in a safe at home, saving money in an account that earns interest, using a prepaid credit card for all purchases, using debit card for all purchases

Back

saving money in an account that earns interest

5.

FLASHCARD QUESTION

Front

A stock is characterized as a “growth” stock because the expectation is for the corporation to

Back

have significant increases in sales and earnings

6.

FLASHCARD QUESTION

Front

The value of buying insurance for a cell phone is to

Back

be able to replace the cell phone if it is lost or stolen

7.

FLASHCARD QUESTION

Front

A person who is interested in earning investing income from stocks is generally advised to buy stocks that pay

Back

dividends

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