Unit 9 Review

Which list contains information that is provided on a credit report?

• Number of on-time payments, number of early payments, number of late payments

• current annual income, income from previous job, income from first job

• Number of traffic tickets received, claims made to insurance companies

• Amount of money paid using cash for groceries, gas, and children's allowance

Based on the table, which statement is true?

• The minimum level of education required for an Engineer is less than the minimum level of education for a firefighter and a Doctor

• The estimated average salary of a financial advisor is less than a doctor but greater than an engineer.

• For the jobs listed in the table, as the minimum level of education increases, the estimated average salary increases.

• For the jobs listed in the table, as the minimum level of education increases, the estimated average salary decreases.

Which statement is an example of a student loan?

• Money that is awarded to students usually based on need with no obligation to repay

• Borrowed money that is paid back with interest

• A bank account that earns a persons money interest

• Money that is awarded based on academic achievement with no obligation for repayment

A rectangular rug has an area of 1,968.3 square inches and a length of 48.6 inches. What is the width of the rug?

Which of the following would be a reason to have a good credit history?

• buying weekly groceries

• applying for a library card

• purchasing a house

• buying a friend dinner

Based on the transactions in the check register, what is the balance in dollars and cents in her checking account at the end of the day on March 9th?

In a first-aid kit the ratio of large bandages to small bandages is 4 to 3. Based on this ratio, how many large bandages are in the kit if there are a total of 98 bandages?

• 28

• 14

• 56

• 60

What does a positive credit history impact?

• lower monthly interest rate on a loan

• denied loans to purchase things

• skip payments whenever you want

• pay only interest and not principal

Which way is NOT a way to establish positive credit history?

• making payments on time

• paying everything in cash

• paying a loan off early

• paying the required monthly amount on a loan

Which of the following describes a transaction that you would use a credit card?

• You go to the movies with your friend and buy the tickets using a card that takes money directly out of your savings account.

• You go to the ATM and withdraw $100 from your checking account.

• Your mom buys a nintendo switch for your cousin's birthday using a card, and says she will pay for it when she gets her bill at the end of the month.

• None of the above