Junior Achievement Pre-Program Survey & Quiz

Your abilities include _____.

• the things you do well

• your mental competence

• the skill you need to do something

• all of the above

Career planning is done _____.

• after high school

• in college

• throughout a lifetime

• once in a lifetime

What are the three main types of taxes?

• income, sales, and property

• unemployment, sales, and property

• federal income, unemployment, and state

• state, property, and unemployment

The total amount of earnings made over a one-year period after all deductions have been taken is _____.

• gross annual income

• gross monthly income

• net annual income

• net monthly income

When it comes to personal savings, what does the acronym PYF stand for?

• Prepare Your Future

• Prepare Your Finances

• Pay Yourself First

• Prepay Your Finances

A saver who wants her savings insured by the FDIC (Federal Deposit Insurance Corporation) wants to use this savings option.

• stocks

• bonds

• mutual funds

• savings account

Protection against risk is the primary reason people purchase this type of policy.

• auto insurance

• health insurance

• home insurance

• all of the above

An example of a financial institution is _____.

• a department store

• a bank

• a school

• an ATM machine

Which of the following statements is NOT correct?

• A debit card allows for an immediate electronic transfer of money from a cardholder’s savings or checking account.

• A debit card is essentially a paper check but doesn’t require the processing time a check does.

• A debit card is handy in an emergency when you don’t have the money to spend.

• A debit card is a pay-now payment type with no grace period for payment.

Lenders use credit agencies to determine _____.

• an applicant’s credit score

• an applicant's credit history

• whether an applicant has any outstanding debts or defaults

• all of the above