
Review for Financial Math Summative
Authored by Christine Wurtz
Mathematics, Special Education
12th Grade
Used 11+ times

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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Which of the following is considered a need?
a new car
a clothes dryer
a place to sleep
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors can influence decisions?
age
values
family
peers
all of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A value can be described as
something basic for your survival
something you desire to make your life more comfortable
a belief or idea you consider important or desirable
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500 down payment and has already saved $1,300. If he can save $150 each month for this goal to buy a car,how long will it take him to save the entire $2,500?
8 months
10 months
12 months
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Shaunda wants to buy her grandmother’s car to drive back and forth to college next year. Her grandmother agrees to sell Shaunda the car for $1,200 in a year. This is an example of what type of goal?
short-term
medium-term
long-term
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lisa will buy two new car tires three months from now before taking a long trip. Each tire costs $75. How much will Lisa need to save each month to reach her goal?
$25
$50
$150
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In eight months, Kelly’s parents will need to make the final payment for Kelly’s braces. Half of the total cost was paid when her braces were put on. The total cost is $3,200. How much will Kelly’s parents need to save each month to pay off the balance owed?
$200
$400
$1,600
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