Financial Literacy Unit 1 Review

The skills and knowledge needed to make informed decisions about money matters is called________________

• Family Literacy

• Family Planning

• Math Literacy

• Financial Literacy

A person who can afford a monthly payment of ____________and agreed to a monthly payment of_______________is most likely the victim of predatory lending.

• 1400;1500

• 1400:1400

• 1400:1300

• 1400:1200

Buying a new wool scarf for which of these reasons is most likely a sound financial decision?

• The display in the store window is cool

• The wind is giving you the chills

• You want to impress your classmates

• You have some extra money to burn

In a financial crisis, the number of employed people will likely be __________ and companies' profits will likely be __________.

• Smaller;Smaller

• Larger:Larger

• Smaller:Larger

• Larger:Smaller

Choosing a computer that costs __________ instead of one that costs __________ means that you'll have less money available for other purchases.

• 2000;1900

• 1900;2100

• 1900;2000

• 2000;2100

Retiring comfortably is most likely a long-term goal for a person of which of these ages?

• 80

• 70

• 60

• 20

Seeing his daughter graduate from college is most likely a short-term goal for a person of which of these ages?

• 60

• 30

• 20

• 10

If Tiana's top priority is to work outdoors, her most likely long-term goal is to become a __________.

• Dentist

• Librarian

• Computer Programmer

• Park Ranger

A long-term goal that will take __________ years to achieve can be broken down into shorter-term goals, each taking __________ years to achieve.

• 18;9

• 18;36

• 9;36

• 9;18

On a timeline, a goal that will be achieved in __________ years will be to the left of one that will be achieved in __________ years.

• 13;10

• 16;10

• 13;16

• 16;13