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Financial Fitness Exam Review - 2024

Authored by Phillip McDowell

Other

12th Grade

Used 133+ times

Financial Fitness Exam Review - 2024
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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would you recommend as an example of using financing as a marketing tool?

a. 90 days same as cash

b. Placing a product close to the cash register

c. Four – color advertisement in Sunday’s paper

d. All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In computing your FICO score, a key feature is:

a. Debt

b. Your annual gross income

c. How much money you have in savings

d. All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain where the majority of jobs are found:

a. Networking

b. Online

c. Classified

d. Employment Service

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Why do plan for retirement instead of relying on Social Security to take care of you?

a. Monthly Social Security benefits are not going to be enough to live on comfortably

b. You are not depending on someone else to take care of you

c. The system may not be able to pay promised benefits in the future

d. All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written cash flow plan is done every:

a. 3 months

b. Month

c. 6 months

d. Time your income changes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest paid on interest previously earned is:

a. Emergency Fund

b. Sinking Fund

c. Compound Interest

d. Interest Rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not one of the steps to take if you are a victim of identity theft?

a. Pay up to $50 to each account on which a charge was made

b. Contact the fraud victim division of each credit bureau

c. File a police report

d. All of the above

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