FM Midterm (M1-2)

Which of these is an example of a short term goal?

• Saving for 4 years for a car

• Saving for 2 years for a laptop

• Saving for 6 months for concert tickets

How many months are there in 4 years?

• 48 months

• 12 months

• 4 months

Tags

CCSS.4.MD.A.1

Tony wants to buy a new PS4 . He will need to save $250 dollars in the next 8 months. How much will he need to save each month?

• $1000

• $50.00

• $31.25

Which of these is not considered income?

• Money given to you on your birthday

• movie ticket

• paycheck

When you need to adjust your budget to increase savings, which category should you reduce?

• groceries

• rent

• recreation

Which type of financial institution requries you to be a member of a special group to use the services offered?

• commercial bank

• payday loans

• credit unions

Which financial institution offers the lowest interest on personal loans

• PayDay loans - 45%

• Bank of Our Town - 15%

• Farmer's Credit Union - 5%

Tags

CCSS.6.RP.A.3B

Which of these financial institutions does not offer checking accounts?

• credit union

• commercial bank

• Payday loans

What is the current balance in Mario's check register?

• $ 896.00

• $993.92

• $944.96

Tags

CCSS.7.NS.A.3

Tabitha wants to save to buy a laptop in two years. She will need $1800. How much will she need to save each month?

• $3,600.00

• $900.00

• $75.00