2024 Math of Finance SEMESTER 1 TEST
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
+8
Standards-aligned
Wayground Content
FREE Resource
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15 questions
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1.
FLASHCARD QUESTION
Front
The impact of academic and financial choices on future life.
Back
The academic and financial choices made in the next few years can significantly affect the next 40 years of one's life.
2.
FLASHCARD QUESTION
Front
What are total monthly fixed expenses?
Back
Total monthly fixed expenses are the consistent, recurring costs that do not change from month to month, such as rent or mortgage payments.
Tags
CCSS.6.RP.A.3B
3.
FLASHCARD QUESTION
Front
What is a scholarship?
Back
A scholarship is a type of financial aid primarily awarded for academic merit or specific skills, such as athletics or music, and does not have to be repaid.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.3
CCSS.RI.9-10.3
CCSS.RI.9-10.5
4.
FLASHCARD QUESTION
Front
How to calculate the new balance after a deposit?
Back
New Balance = Previous Balance + Deposit Amount. For example, if the previous balance is $106.15 and a deposit of $75.00 is made, the new balance is $181.15.
Tags
CCSS.6.NS.B.3
5.
FLASHCARD QUESTION
Front
What is the purpose of a budget sheet?
Back
A budget sheet helps individuals track their income and expenses, allowing them to manage their finances effectively.
6.
FLASHCARD QUESTION
Front
What is the difference between a scholarship and a loan?
Back
A scholarship does not need to be repaid, while a loan must be repaid with interest after a certain period.
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
7.
FLASHCARD QUESTION
Front
What are fixed expenses?
Back
Fixed expenses are costs that remain constant over time, such as rent, insurance, and loan payments.
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