Keycode - 8th Period 2nd 9 Weeks Test

Front

Which of the following would be considered a want rather than a need for most people?
Warm clothes in the winter,
A place to live,
A smartphone,
Nutritious food

Back

A smartphone

Front

Your friend's parents are worried about going over their budget for the month. Which expense would you suggest is NOT a need? Options: Rent payment, Car insurance, Cable service, Groceries

Back

Cable service

Front

Which one of these is NOT a successful budgeting strategy?
Options:
Keep some extra money in your budget for emergencies.
Pay with a credit card if you have a hard time sticking to a budget.
Think about which items are your most important needs.
Revisit your budget regularly and make adjustments.

Back

Pay with a credit card if you have a hard time sticking to a budget.

Front

Which of the following is the BEST reason to use cash for making purchases?
Options:
Getting more cash from an ATM machine is easy to do.
Keeping track of how much you have spent is simple.
Splitting bills with friends is easier.
Knowing what you have spent your money on is simple.

Back

Keeping track of how much you have spent is simple.

Front

What factor has the biggest impact on a credit score? Options: Having a variety of types of credit. The amount of money you owe on your credit cards. Your history of making payments on time. The number of years that you have used credit responsibly.

Back

Your history of making payments on time.

Front

What is the best strategy to avoid paying interest on your credit cards?

Back

Pay the full balance each month.

Front

Amy's new summer job at the pool will pay her $9 per hour. Which term describes this type of hourly income?

Back

Wage

Front

Ashley wants to make a purchase using the money in her checking account. What method of payment should she use to access these funds immediately and directly?

Back

Debit card

Front

The most direct way for Jonathan to gain on-the-job experience and earn money while attending school is to apply for:

Back

A work-study program.

Front

Shannon has been a member of her school's newspaper club for 2 years and attends writing workshops in her free time. Which career choice should she explore?

Back

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