Junior Achievement

It was discussed when you use a credit card you will have to pay interest based on an a APR number? What does the "A" stand for in APR?

• Audi

• Annual

• Adding

• Additional

How many years of college do you have to go to for an associates degree?

• 1

• 2

• 4

• 6

Which of the following cards will take money out of your bank account at the time of purchase?

• Debit Card

• Credit Card

What is 10% of $4,200?

• 420

• 42

• 4.2

• 42,000

Which of the following are considered an expense? (Two answers are correct)

• Money made from mowing lawn

• Buying a burger at McDonalds

• Allowance from parents

• Paying rent

Which of the following best describes the money you make before taxes and insurance is taken out of your pay check?

• Gross Expenses

• Gross Income / Pay

• Net Income / Pay

• Net Expenses

What is 20% of 1,000?

• 20

• 200

• 800

• 1,200

If you made $500 this week, and you had a total of $200 worth of expenses, how much money is available to put into your savings?

• 700

• 500

• 200

• 300

How many years of college do you have to go to for a bachelors degree?

• 2

• 4

• 6

• 1

If you charge something on your credit card for $100 and you don't pay it off at the end of the month and the interest is 5% for the month, how much would you have to pay at the next month?

• $105

• $100

• $5

• $95