Financial Literacy 2

When a bank loans money to a person, the bank expects that person -

• to pay back some of the money if there is any left over

• to treat the money like a birthday gift or contest prize

• to pay back all of the money to the bank at a later date

• to spend the money on entertainment, vacations, and merriment

Adam will complete high school ten years from now. He can look for a job right after high school, or he can continue his education after high school in a college or technical school. If Adam decides to go to a college or technical school, he has a better chance of getting a job -

• that is challenging and pays well

• that is easy and pays less

• that is impossible to find

• that is confusing to others

Ellie ears $18 each time she makes and sells a cake. Each time Ellie is paid, she saves half of the money n a savings acocunt at a local bank. She spends the other half of the money on books, magazines, and theater tickes. Ellie could best use the money she saves in the bank to -

• pay for better seats at the theater

• pay for better cake ingredients

• pay for a vacation

• pay for college after high school

Adriel owns an engineering company that designs and builds bridges. He needs to hire a new employee that has strong math, science, and computer skills. Which statement is true?

• He will hire someone who left high school because it was boring

• He will hire someone with a college degree

• He will hire someone with experience playing video games

• He will hire someone who is good at arguing

Neria has an apple orchard. They pick apples in the autumn. During the spring, Neria has to pay $3 for a pound of apples. During the autumn, she pays less than $1 for a pound of apples. Why does Neria have to pay more for apples in the spring than autumn?

• Apples are used for baking pies in the spring. They are eaten raw in the autumn.

• Apples are plentiful in autumn. They are scarce in the spring.

• Apples are eaten raw in the spring. They are used for baking pies in the autumn.

• Apples are scarce in autumn. They are plentiful in the spring.

Case's grandfather pays him $15 each week for completing several chores around the farm. When Case gets his money each week, he should probably -

• ask his grandfather to pay him more

• do fewer chores and get less money

• save some of the money in a bank

• spend all of the money before he loses it

At the beginning of the year, Sydney began making and selling bracelets made out of string. She sold them to other students for $1 each. A few days later, ten other students began making and selling the same bracelets for 50 cents. If Sydney continues to sell bracelets, she should sell each one for -

• 50 cents or less

• more than $1

• 75 cents to $1

• no money at all

Amy's class went on a study trip to a bank. The manager of the bank told the students about the benefits of saving money. The manager probably did NOT say -

• Saving money now can help you pay for college in the future.

• Saving money isn't necessary because you will have a good job in the future.

• Your savings can help you pay for unexpected expenses in the future.

• Your savings can help you pay for things you may need or want in the future.