Practice Test on Chapters 27 & 28

Practice Test on Chapters 27 & 28

9th - 12th Grade

13 Qs

quiz-placeholder

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Practice Test on Chapters 27 & 28

Practice Test on Chapters 27 & 28

Assessment

Quiz

Mathematics

9th - 12th Grade

Hard

CCSS
HSF.BF.A.2

Standards-aligned

Created by

Michael Sheehan

Used 1+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the future value of $450 at an interest rate of 11 percent one year from today?

$495.00

$495.40

$494.50

$499.50

Tags

CCSS.HSF.BF.A.2

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the present value of a payment of $250 one year from today if the interest rate is 4 percent?

$240.38

$242.24

$244.40

None of these are correct to the nearest penny

Tags

CCSS.HSF.BF.A.2

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A car salesperson gives you four alternative ways to pay for your car. The first is to pay $18,000 today. The second is to pay $19,000 one year from today. The third is to pay $20,300 two years from today. The fourth is to pay $21,500 three years from today. If the interest rate is 6 percent, which payment option has the lowest present value and which has the highest?

The first is lowest; the second is highest

The second is lowest; the third is highest

The third is lowest; the fourth is highest

The fourth is lowest; the first is highest

Tags

CCSS.HSF.BF.A.2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best illustrates moral hazard?

After a person obtains life insurance, she takes up skydiving

A person obtains insurance knowing he is in poor health

A person holds stock only in very risky corporations

A person holds stocks from only a few corporations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The labor force

equals the number of people employed

equals the number of people employed plus the number of people unemployed

equals the non-institutionalized adult population

equals the number of people employed plus the number of people cyclically unemployed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be counted as unemployed according to official statistics?

George, a full-time student who is not looking for work

Jenna, who is on temporary layoff

Larry, who has retired and is not looking for work

All of these would be counted as unemployed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who would not be included in the labor force?

Sally, who is on temporary layoff

Sue, who has retired and is not looking for work

Kylie, who does not have a job, but has applied for several in the last week

None of these is included in the labor force

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