FL Final Exam Review
Authored by Dawn Fellers
Business
12th Grade
Used 11+ times
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43 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where is the best place to store the Title to your car?
In my car glove box
In my family's junk drawer
In my backpack
In a safe deposit box or a separate container that holds my important papers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lacy keeps a strict budget for groceries. She noticed over the last six months she went from spending $600 a month to $650 a month reducing her discretionary income. This is due to which type of risk?
Inflation risk
Personal risk
Income risk
Interest rate risk
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
401k and 403b accounts are what type of accounts?
Mortgage
Retirement
Bond
Education
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
James received two job offers. One is an opportunity to work for his friend making $30,000 with no benefits. The second job offer is from a local bank for $28,000 with full benefits. If James is making the decision based on purely finances, which should he choose?
James should accept the job with the bank.
James should accept the job with his friend.
There is not enough information for him to make a decision.
Both are so close in salary, it doesn't matter.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ethan left $500 in a savings account earning 1% interest. He could have invested the $500 in a S & P 500 account and earned 10% return.
The opportunity cost is 9%.
The opportunity cost is 1%.
The opportunity cost is 10%.
Ethan does not have an opportunity cost.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The FDIC in the United States insures some financial accounts up to what amount?
$10,000
$50,000
$250,000
$500,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People are more likely to accomplish "SMART" Goals
because they were created by an intelligent person
because they are prioritized first
because they are a realistic, meaningful, particular goal that is trackable with a due date
they have to accomplish these for their job
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