Budget/Finance

Name brand items typically cost more than generic brand items.

• TRUE

• FALSE

If a box of ice cream bars costs $4.50 and there are 5 bars in the box, how much does each bar cost?

• $0.45

• $0.90

• $1.50

• $4.50

Insurance on a leased car is higher because:

• It's not your car so you have to fix it if it gets damaged

• The car dealership wants to make more money

• Insurance companies expect you to get into accidents

• Insurance on a leased car is NOT higher

The 4 most important things on an amortization schedule are balance, monthly payment and:

(a)  

Expenses are:

• car payment

• the costs required for something

• net income

• principle

The two parts of a loan are:

• income and expense

• gross and net

• principle and interest

• interest and taxes

The charge for the privilege of borrowing money is:

(a)  

If sales tax is 7%, how you do find the total with tax for an item that cost $500?

• 500 x 7

• 500 x 1.07

• 500 x .07 + 500

• 500 x 107

Amortize means

• to pay off your credit card bill

• when a car goes down in value

• when a car goes up in value

• to reduce debt by making regular payments

You bought a box of of cookies for $4.80. There are 24 cookies in the box. Your sister eats 4 cookies and she wants to pay you for what she ate. How much does she owe you? No tax!

(a)