Personal Finance EOC

When is the best time to start saving for long-term financial goals?

• When you are young and have fewer financial obligations

• After you have finished college

• When you have a family of your own

• When you are in your forties and earning more money

The highest median weekly income is earned by people who have completed which of the following levels of education?

• Associate's Degree

• High School Diploma

• No degree

• Bachelor's Degree

Individuals with which of the following education levels are the most likely to be unemployed?

• Associate's Degree

• Less than a high school diploma

• Doctoral Degree

• Bachelor's Degree

The amount of money a job pays is referred to as

• Compensation

• Opportunity Cost

• Cash Inflow

• Net Pay

A ___________ is an official document or record stating that you have met some standard for training or knowledge.

• Internship

• Apprenticeship

• Certification

• Accreditation

Master's Degrees, Law Degrees, and Doctoral Degrees are all examples of:

• Undergraduate Degrees

• Graduate/Professional Degree

• Certifications

• Accreditations

Associate's and Bachelor's Degrees are both considered:

• Graduate Degrees

• Undergraduate Degrees

• Professional Degrees

• Certificates

When low skill based work is traded for hourly wages it is most commonly referred to as:

• A career

• A job

• Volunteer work

• An internship

When someone is compensated monthly based on a year long total this is called:

• Wages

• Salary

• Bank Statements

• Pension Plans

When you receive money and immediately put a portion of it into your savings and investments you are following which investment principle?

• Dollar cost average

• Time value of money

• Pay yourself first

• Diversification of assets