Financial Management Final Review

Which is an example of a short term goal?

• Saving for 2 months for a $80 dollar outfit?

• Saving 5 years fir a $3000 dollar trip.

• Saving 3 years for a down payment on a car.

Victor wants to save $100 dollars over the next 4 months. How much money does he need to save per month in order to have $100?

• $20

• $50

• $100

• $25

Tags

CCSS.3.OA.A.3

Housing is an example of which of the following:

• Need

• Want

• Income

• Desire

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

Jackson spends in gas changes every month, based upon the price of gas, this is an example of which of the following:

• Fixed Expense

• Variable Expense

• Periodic Expense

Tags

CCSS.7.NS.A.1C

Which of the following is one step in financial planning for a budget?

• Use percentages to see how much of the total income should be set aside for each expense

• Create a spending chart

• Create a table for cash gifts and gift cards your received

Tags

CCSS.6.RP.A.3C

If Jonathan wants to save 20% of his income, how much money does he need save per month if he make $1,600 per month.

• $400

• $160

• $320

• $200

Tags

CCSS.6.RP.A.3C

Which financial institution usually has the highest interest rates on loans?

• credit unions

• payday loans

• commercial banks

Jackie is ready to reconcile her bank statement with her check register. What should she do?

• Subtract deposits made since the statement.

• Add outstanding checks made since the statement.

• Add outstanding deposits and subtract outstanding checks written since statement.

• She does not need to reconcile her bank statements.

A _____________ _______________ is a for profit institution that is run by share holders.

• commercial bank

• credit unions

• retirement accounts

Nessi earns $10.15 per hour. During this pay period the monster worked 36 hours. How much was her gross pay?

• $365.40

• $46.15

• $540

Tags

CCSS.7.EE.B.3