Which of the following is NOT a benefit of using a budget?

Budgets allow you to spend more than you earn.

Budgets allow you to see how your money is being spent.

Budgets can help keep you out of debt.

Budgets keep you on track toward meeting financial goals.

Which of the following would be considered a short-term savings goal?

paying to attend the regional championships

Which of the following is a disadvantage of using a credit card?

it is subject to interest and fees

the convenience of purchasing now

the ability to purchase expensive items

it is widely accepted for payment

One difference between a debit card and a credit card is that _____.

payments made with a debit card are immediately deducted from your bank account

debit cards provide better consumer protection

debit cards can only be used for large transactions

debit cards generate unsecured debt

When you use a credit card to make a purchase, money is:

borrowed from the bank and must be repaid.

deducted directly from a checking account.

Which of the following is true about credit reports?

They list payment history and debt levels.

They are prepared once every five years.

They are used to determine taxes owed.

They are only available to financial institutions.

What does insurance protect against?

Financial loss from unexpected events

What does the number 50 represent in an auto insurance policy coverage that reads 25/50/10?

The maximum coverage amount for bodily injury per accident

The maximum coverage amount for bodily injury per person

The maximum coverage amount for property damage per accident

The maximum coverage amount for comprehensive and collision damage

Financial Math Final Exam

Quiz

•

Mathematics

•

9th - 12th Grade

•

Practice Problem

•

Easy

•

CCSS

7.RP.A.3, 7.EE.B.3, 6.RP.A.3C

+16

Standards-aligned

MELISSA SALLINGER

Used 4+ times

FREE Resource

52 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a true statement?

Planning for long-term goals is not as important as determining daily expenses.

Personal ambitions and goals need to align with the financial prospects of a chosen career.

Financial security is always more important than career interest and satisfaction.

Daily living expenses must be met before you can plan long-term goals.

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true of college?

College costs money, but community college and trade schools are free.

College is the only way to get ahead in life.

College may help you fulfill your personal and career goals.

Attending college is a guarantee of personal happiness.

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one difference between a Bachelor's degree and an Associate's degree?

an Associate's degree is usually free

a Bachelor's degree requires more time and credits

an Associate's degree is only offered for business subjects

a Bachelor's degree is not useful for the sciences

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following benefits has the potential to earn you the most money?

401k or other retirement program

child care benefits

free lunch program

two weeks paid vacation time

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a form of earning?

wages

theft

a lottery win

an inheritance

Tags

CCSS.3.NF.A.1

CCSS.3.NF.A.2B

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following benefits has the potential to earn you the most money?

401k or other retirement program

child care benefits

free lunch program

two weeks paid vacation time

Tags

CCSS.6.EE.A.2C

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which employee benefits are not required by law?

family leave

minimum wage

wellness

unemployment

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Financial Math Final Exam

52 questions

Which of these is a true statement?

Which of the following is true of college?

What is one difference between a Bachelor's degree and an Associate's degree?

Which of the following benefits has the potential to earn you the most money?

Which of these is a form of earning?

Which of the following benefits has the potential to earn you the most money?

Which employee benefits are not required by law?

Which of the following terms describes the amount of pay an employee receives after deductions have been subtracted?

Which type of tax helps to pay for retirement income for adults 62 and older?

Noah earns $13.50 per hour and works 20 hours per week. What is his gross pay each week?

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