Career Prep Final Exam Review
Authored by Stacy Morgan
Life Skills
9th - 12th Grade
Used 3+ times
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67 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The highest yielding savings accounts are paying historically low interest rates, so Maria is only able to get a 1% annual interest rate for her savings account. Assuming interest rates do not change, use the Rule of 72 to approximate how many years it will take for her to DOUBLE her money in this account?
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following transactions will REDUCE your checking account balance immediately?
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which action below is considered a best-practice for check writing?
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
How are credit unions and banks different?
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Juan saved $1,000 from his summer job cleaning pools. Which of these savings vehicles would work best for him if he doesn't need access to the money for a number of years AND wanted to earn the highest interest rate?
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What would be a good time to spend money from your Emergency Fund?
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
If you used the 50-30-20 rule of budgeting, how much money would you be saving?
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