Quiz about Algebra with Finance Semester Study Guide

Question 1

A bank that offers services to the general public and companies.

Accepted Answer

commercial bank

Answer

credit union

Answer

mortgage company

Answer

loan officer

Question 2

A popular banking choice that is owned by its members.

Accepted Answer

credit union

Answer

loan office

Answer

mortgage company

Answer

commercial bank

Question 3

Which of the following is an example of an electronic banking service.

Accepted Answer

direct deposit

Answer

drive through

Answer

cashing a check

Answer

taking out a loan in person

Question 4

A history of your credit.

Accepted Answer

credit report

Answer

credit card

Answer

report card

Answer

credit score

Question 5

What does FDIC stand for and how much is the standard insurance amount?

Accepted Answer

Federal Deposit Insurance Corporation, $250,000

Answer

Federal Deposit Insurance Company, $250,000

Answer

Federal Deposit Insurance Company, $200,000

Answer

Federal Deposit Insurance Corporation, $200,000

Question 6

The proprietorship element goods or merchandise in a corporation usually divided into shares and represented by transferable certificates.

Accepted Answer

stock

Answer

supply

Answer

demand

Answer

revenue

Question 7

The excess of returns over expenditure in a transaction or series of transactions.

Accepted Answer

profit

Answer

revenue

Answer

demand

Answer

supply

Question 8

An owner of shares in a company.

Accepted Answer

shareholder

Answer

stock

Answer

supply

Answer

equity

Question 9

Which of the following is an example of things you can invest in?

Accepted Answer

all of the above

Answer

stocks

Answer

bonds

Answer

land

Question 10

When should someone consider investing for their future?

Accepted Answer

when they are young

Answer

when they are middle age

Answer

when they are over the age of 60

Answer

when they are about to retire

Question 11

The amount of money that comes in and goes out of your account.

Accepted Answer

cash flow

Answer

net worth

Answer

asset

Answer

liability

Question 12

Which of the following is an example of a fixed expense.

Accepted Answer

rent/mortgage

Answer

car repairs

Answer

home repairs

Answer

hair cut

Question 13

Something a person or company owes.

Accepted Answer

liability

Answer

asset

Answer

net worth

Answer

gross income

Question 14

Which of the following is an example of a variable expense.

Accepted Answer

car repairs

Answer

rent/mortgage

Answer

car payment

Answer

utilities

Question 15

A reduction in the value of an asset with the passage of time due to wear and tear as well as age.

Accepted Answer

depreciation

Answer

lease

Answer

deductible

Answer

MPG

Question 16

Which of the following is a factor that affects vehicle depreciation?

Accepted Answer

gas prices

Accepted Answer

mileage

Accepted Answer

physical shape

Answer

tinted windows

Question 17

This insurance covers you from loss caused by fire, theft, vandalism, and weather.

Accepted Answer

coprehensive

Answer

collision

Answer

liability

Answer

all of the above

Question 18

A specified amount of money that the insured must pay before an insurance company will pay a claim.

Accepted Answer

deductible

Answer

collision

Answer

lease

Answer

depreciation

Question 19

Solve the equation.

$$x-\frac{1}{3}=\frac{2}{5}$$

Accepted Answer

$$\frac{11}{15}$$

Answer

$$\frac{3}{8}$$

Answer

$$\frac{1}{15}$$

Answer

$$\frac{1}{2}$$

Question 20

Solve the equation.

$$24\ =\ x\ +\ 36$$

Accepted Answer

-12

Answer

12

Answer

60

Answer

-60

Question 21

Solve the equation.

25 +14 - 7w = -10

Accepted Answer

W=7

Answer

W=-7

Answer

W= $$\frac{29}{7}$$

Answer

W= $$\frac{-29}{7}$$

Question 22

Solve the equation.

$$\frac{y}{4.8}=\ 15$$

Accepted Answer

72

Answer

3.125

Answer

19.8

Answer

11.8

Question 23

Solve the equation.

$$-2.4x\ +\ 4.8\ =\ -9.6$$

Accepted Answer

6

Answer

10

Answer

-6

Answer

-10

Question 24

This allows you to make personal purchases that you might otherwise not be able to make. Also considered the use of credit for personal needs.

Accepted Answer

consumer credit

Answer

credit

Answer

exponential growth

Answer

simple interest

Question 25

Which of the following is a main cause of financial problems?

Accepted Answer

bad financial advise

Accepted Answer

poor planning

Answer

employment

Answer

good investments

Question 26

What is computed on principal only?

Accepted Answer

simple interest

Answer

compound interest

Answer

interest

Answer

exponential decay

Question 27

What is the cost of using credit?

Accepted Answer

finance charge

Answer

simple interest

Answer

compound interest

Answer

consumer credit

Question 28

Interest that is earned not only on the original principal, but also on all interests earned previously.

Accepted Answer

compound interest

Answer

simple interest

Answer

finance charge

Answer

credit

Question 29

A relationship between two numbers.

Accepted Answer

ratio

Answer

rate

Answer

unit rate

Answer

proportion

Question 30

A rate that has a denominator of 1.

Accepted Answer

unit rate

Answer

rate

Answer

ratio

Answer

proportion

Question 31

What is 1.5 as a percent?

Accepted Answer

150%

Answer

1.5%

Answer

15%

Answer

.15%

Question 32

Write 5.74% as a decimal.

Accepted Answer

0.0574

Answer

5.74

Answer

0.574

Answer

57.4

Question 33

Write $$\frac{2}{5}$$ as a decimal.

Accepted Answer

0.4

Answer

2.5

Answer

5.2

Answer

0.04

Question 34

Write 35% as a fraction in simplest form.

Accepted Answer

$$\frac{7}{20}$$

Answer

$$\frac{35}{100}$$

Answer

$$\frac{35}{50}$$

Answer

$$\frac{7}{50}$$

Question 35

A loan that will have a set rate and a set payment.

Accepted Answer

fixed rate loan

Answer

warranty

Answer

guarantee

Answer

variable rate loan

Question 36

A government sponsored mortgage.

Accepted Answer

VA loan

Answer

mortgage

Answer

fixed rate loan

Answer

variable rate loan

Question 37

To qualify for an FHA loan, you have to meet which one of the following requirements:

Accepted Answer

have a credit score above 500

Answer

not be a legal resident of the US

Answer

be unemployed

Answer

none of the above

Question 38

How do you find the area of a triangle?

Accepted Answer

take half of the base times the height

Answer

base x height

Answer

add up all of the sides

Question 39

What is the formula for the area of a triangle?

Accepted Answer

A = 1/2 bh

Answer

A = bh

Answer

A = s + s + s

Question 40

Find the area of the triangle.

Accepted Answer

30 m2

Answer

60 m2

Answer

16 m

Answer

30 m

Question 41

Find the area of the triangle.

Accepted Answer

5 cm2

Answer

10 cm2

Answer

7 cm2

Question 42

Find the area of the trapezoid.

Accepted Answer

22.5 m2

Answer

18 m2

Answer

165 m2

Answer

84 m2

Question 43

Find the area of a trapezoid with bases of 3 in and 7 in, with a height of 6 in?

Accepted Answer

30

Answer

60

Answer

32

Answer

36

Question 44

What is the area of this circle?

Accepted Answer

1520.53

Answer

6082.12

Answer

1893.14

Answer

1292.92

Question 45

what is the circumference of this circle ?

Accepted Answer

37.68 cm

Answer

3.14 cm

Answer

24 cm

Answer

68.4 cm

Question 46

Find the area of this parallelogram

Accepted Answer

70cm2

Answer

35cm2

Answer

17cm2

Answer

70cm

Question 47

A tax assessed on real estate by the local government.

Accepted Answer

property tax

Answer

sales tax

Answer

social security tax

Answer

payroll deductions

Question 48

This is an example of what type of function?

Accepted Answer

discontinuous

Answer

continuous

Answer

linear

Question 49

A graph that does not come apart or have any gaps.

Accepted Answer

continuous

Answer

discontinuous

Answer

decreasing

Answer

increasing

Answer

constant

Question 50

A graph that has a hole in it, is disconnected or has a vertical asymptote.

Accepted Answer

discontinuous

Answer

continuous

Answer

decreasing

Answer

increasing

Answer

constant

Question 51

A tax imposed by the government on the sale of goods and services.

Accepted Answer

sales tax

Answer

property tax

Answer

social security tax

Answer

medicare tax

Question 52

An organization that sets standards and procedure for equilization of property values in the counties, and ensures property is taxed uniformly throughout the state.

Accepted Answer

Property Tax Division

Answer

Sales Tax Division

Answer

Social Security Administration

Answer

Worker's Compensation

Question 53

$$Board\ Feet\ =\ \frac{\left(D-4\right)^2L}{16}$$

Calculate the board feet for a log that is 10.5 feet long with diameters 9" and 12".

Accepted Answer

15.625 feet

Answer

15.5 feet

Answer

15.6 feet

Answer

16 feet

Question 54

The landowner will have an estimated 1,200 logs that are 10 board feet each. This timber is currently selling for $8.15 per board feet. What is the total cost for the timber?

$$Board\ Feet\ =\ \frac{\left(D-4\right)^2L}{16}$$

Accepted Answer

$97,800

Answer

$81.50

Answer

$815.00

Answer

$9,780

Algebra with Finance Semester Study Guide

57 questions

A bank that offers services to the general public and companies.

A popular banking choice that is owned by its members.

Which of the following is an example of an electronic banking service.

A history of your credit.

What does FDIC stand for and how much is the standard insurance amount?

The proprietorship element goods or merchandise in a corporation usually divided into shares and represented by transferable certificates.

The excess of returns over expenditure in a transaction or series of transactions.

An owner of shares in a company.

Which of the following is an example of things you can invest in?

When should someone consider investing for their future?

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