Review #1 MidTerm Financial Literacy

If Richard works 40 hours in one week at a regular rate of $15.00 per hour,

what would his regular wages be?

• $600

• $300

• $550

• $650

Tags

MA.912.FL.1.2

If Richard works 58 hours at a regular rate of $15.00 per hour,

what would be his number of overtime hours?

• 8

• 18

• 12

• 10

Tags

MA.912.FL.3.11

If Richard works 58 hours at a regular rate of $15.00 per hour, what would be his overtime rate per hour?

• $22.50

• $30.00

• $405

• $15.00

Tags

MA.912.FL.1.2

If Richard works 58 hours at a regular rate of $15.00 per hour, what would his overtime wages be?

• $270

• $405

• $540

• $270

Tags

MA.912.FL.1.2

If Chelsie works 8 holiday hours at a regular rate of $10, what would be her holiday rate?

• $80

• $60

• $160

• $120

Tags

MA.912.FL.1.2

What is the best way to avoid falling into debt?

• Take out a small loan for any purchases over $1,000

• Only buy things that you can purchase with cash

• Use credit to pay for large expenses now so that you have plenty of time to pay it off.

• Use airline miles earned through a credit card to help pay for a vacation.

Tags

MA.912.FL.3.11

45% of Americans have less than $1,000 saved for a(n) _____________.

• Car

• Retirement fund

• Emergency

• New smartphone

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MA.912.FL.3.11

It's not IF an emergency will happen, but _________.

• How

• When

• Where

• Why

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MA.912.FL.3.11

If you really want to save money, you've got to ___________.

• Have a financial advisor

• Fly economy class

• Live on less than you make

• Invest in a Roth IRA

Tags

MA.912.FL.3.11

Your money personality impacts _________.

• Your understanding of bank transactions

• What you plan for as an adult

• Your financial literacy level

• How you handle money

Tags

MA.912.FL.3.11