Practice Test on Chapters 27 & 28

Quiz
•
Mathematics
•
9th - 12th Grade
•
Hard
Standards-aligned
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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