Young AmeriTowne Final Test

Derek said, "Look, Jane! They gave me an extra dollar at the Bank! Don't tell anyone." Jane replied, "I don't think that's very ethical, Derek."

• Dealing with moral principals

• Dealing with situations that your friends are involved in

• Dealing with a situation as a manager

• Dealing with an employee who doesn’t use their time wisely

Sasha is helping her neighbor learn to play the violin. She is being philanthropic by:

• Giving her time

• Giving her talent

• Giving her treasure

Riley just received their direct deposit from their employer!

• Cash handed to you by your boss

• A line of credit given to you by your boss

• Money being deposited into your checking account

• Money being deposited into your savings account

When Selena arrived to Towne, she set her products out for her customers to see. This is an example of:

• Advertising

• Philanthropy

• Supply & Demand

• Budgeting

Selena is so excited to go to Young AmeriTowne! She has been working hard in school to learn everything she can about economics, government and banking. She has picked out her outfit for the big day and can barely fall asleep the night before Young AmeriTowne!

When she arrives to Towne, she goes right to work with her coworkers to determine where to set out the products that their business is selling, and what the starting prices of the products will be. As soon as towne opens, she is surprised by how quickly the stress balls are selling. They are flying off of the shelf!

A little while later, Selena and her coworkers hear an announcement for their business over the loudspeakers. “This is great!” Selena thought. “However, although our stress balls are selling very quickly, our bouncy balls aren’t selling at all! Maybe when people hear the loudspeaker, they will want to come and buy our bouncy balls.”

On her break, Selena goes straight to the Bank to endorse her check and cash her paycheck.

The stress balls in Selena’s shop had what type of demand?

• High

• Low

• Medium

The bouncy balls in Selena’s shop had low demand. What is the meaning of that phrase?

• People were excited to purchase the product

• People didn’t know about the product

• People weren’t interested in purchasing the product

• No one was on break to buy the product

On Selena’s first break, she goes to endorse her paycheck at the bank. What does that word mean?

• To sign your name

• To make the tellers give you money

• To turn in your paycheck to the Bank

• To show your paycheck to your teacher

The Medical Center borrowed $262.00 from the Young AmeriTowne Bank as a business loan. They are charged an additional 10% of interest. How much interest do they have to pay back to the Bank?

• $26.00

• $26.20

• $2.62

• $10

The Medical Center borrowed $262.00 from the Young AmeriTowne Bank as a business loan. They are charged an additional 10% of interest.

How much money in

total does the Bank have to pay the Bank back?

• $272.00

• $288.00

• $264.62

• $288.20

Your check register shows that you have a checking account balance of $5.50. You may:

• Write a check to the donation station for $6.00

• Use your debit card at the Snack Shop for $5.75

• Use your debit card at the Snack Shop for $3.00 and at the Medical Center for $2.50

• Write a check to your friend for $7.00