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Final Exam Review (Need to Edit)

Authored by Matthew Garris

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Final Exam Review (Need to Edit)
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34 questions

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1.

OPEN ENDED QUESTION

30 sec • Ungraded

First Name:

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2.

OPEN ENDED QUESTION

30 sec • Ungraded

Last Name:

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OFF

3.

OPEN ENDED QUESTION

30 sec • Ungraded

Hour/Class:

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OFF

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Magda is going to finance her car purchase using an auto loan. Which statement below is accurate?

Her principal is the cost of the car, minus any down payment she makes
Her interest rate is the total cost she’ll pay after making all of her principal and interest payments
Choosing a shorter term means it will take her longer to repay the loan
It’s likely that her monthly payment will be between 4-5% of the cost of the car

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. Jaime is creating a budget for the first time and doesn’t know which to use - NET PAY or GROSS PAY. What do you tell him?

“Use net pay, because it’s the total amount you’ve earned minus taxes and other deductions.”
“Use gross pay, because it’s the total amount you’ve earned minus any recurring bills you owe for the month.”
“Use net pay, because it’s the total amount you’ve earned for the month.”
“Use gross pay, because that is the amount that is reported to the government for taxes.”

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Why is sending a personalized thank you after a job interview important?

It shows that you want the job even if you don’t really like the company
You can apologize for any mistakes you made in the interview
It gives you the opportunity to leave a good impression by expanding on an answer you gave or a topic you discussed
It allows you to boast about your accomplishments one last time

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. What do you need to subtract from a college’s cost of attendance in order to find the net price?

Student Aid Index
Application fees
Personal expenses
Your grants and scholarships

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