QR Final Spring 2025

Gina is trying to find the best deal on her shampoo. Which of these options should she choose?

• 25.4 oz bottle from Target

• 12 oz bottle from Target

• 50.8 oz bottle from Amazon

Which of the following are reasons to use a credit card over using cash? (Choose TWO)

• Rewards

• Fraud protection

• Less likely to overspend

• Fees

• Debt

Laura is using the 50-30-20 rule for how she is budgeting her paycheck. Which options shows the categories for each percentage?

• 50 - Needs

  30 - Wants

  20 - Debt/Savings

• 50 - Debt/Savings

  30 - Needs

  20 - Wants

• 50 - Wants

  30 - Needs

  20 - Debt/Savings

• 50 - Wants

  30 - Debt/Savings

  20 - Needs

Bobby's monthly income and expenses are listed in the picture. All of his month expenses totals $2650. What percentage of his income is going towards the expenses listed?

• 97%

• 78%

• 12%

• 100%

What is the difference between an MMA and a savings account?

• An MMA makes you keep your money in the account for a certain amount of time, but with a savings account you can remove money whenever you want.

• You can use a debit card with a savings account, but not with an MMA.

• They both earn higher interest, but an MMA allows you to use checks/debit card.

When is it best to start investing in your retirement? Why?

• When you are older and have a steady job because then you can invest a smaller amount of money each month.

• Whenever. It really doesn't matter when you invest. You'll still have the same amount of money at retirement either way.

• When you are young because you will have more money by the time you are old enough to retire.

How much did Ronald Davis spend on parking for this statement period?

• $128

• $188.50

• $60.50

• $121

How much did Ronald deposit to his account from an Internet Transfer?

• $2500

• $1000

• $4500

• $54.75

Which of the following are NOT common types of loans? (Choose two)

• Mortgage

• Vacation

• Pet

• Personal

• Auto

A secured loan requires you to have collateral.

• True
• False