Finance Pre Test
Authored by Brian Turner
Mathematics
12th Grade
CCSS covered
Used 3+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements best explains why income alone does not determine wealth?
Investing is the only factor that contributes to wealth building.
Income alone does determine a person's wealth.
Only people who are natural savers can become wealthy.
How much money a person makes does not dictate his or her spending and saving behavior.
Tags
CCSS.RI.8.2
CCSS.RL.11-12.2
CCSS.RL.7.2
CCSS.RL.8.1
CCSS.RL.9-10.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rent is a:
Fixed expense
Variable expense
Discretionary expense
Intermittent expense
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between gross pay and net pay?
net pay describes your pay after deductions; gross pay is before
Gross pay describes your pay after deductions; net pay is before
Gross and net pay are the same
None of the above
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following best describes the amount of money you’ll have if you put $1000 into a savings account earning 2% annual compound interest for 10 years? You can ignore the impact of inflation in this question.
The same $1000 you started with
Exactly $1200
Slightly more than $1200
$2000
Exactly $20,000
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following options at the grocery store has the lowest unit price? a
1 box of cereal for $3.25
3 boxes of cereal for $9.99
5 boxes of cereal for $15
You can’t tell without knowing the tax rate at that grocery store
It depends how many boxes of cereal you need at the time
Tags
CCSS.6.RP.A.3B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The shirt that you bought was $20. The sales tax was 15%, what was the final price?
$20
$22
$23
$17
Tags
CCSS.6.RP.A.3C
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the discounted price of an item that originally costs $75.00 and is receiving at 20% discount?
Tags
CCSS.6.RP.A.3C
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