Which of the following statements about investing is TRUE?

Investing is riskier than putting money in a savings accounts.

On average, putting money in a savings account earns a higher return than investing money in the stock market.

Investing is best for short-term financial goals.

Investing is a guaranteed way to make money.

Which of the following statements about investing is FALSE?

Investing is a guaranteed way to grow your money.

Investing is riskier than putting money in a savings account.

Investing is best for long-term financial goals, like paying for retirement.

On average, investing money in the stock market earns a higher return than putting money in a savings account.

Which of the following statements about stocks is TRUE?

A stock is a share of ownership in a company.

A stock is a type of debt investment that acts like a loan.

A stock is a type of investment that invests in a mix of different types of investments.

A stock is a type of savings account that pays interest based on current interest rates in the money market.

The amount of money you're paid after all taxes and deductions are taken out of your paycheck.

The amount of pay earned for the total number of hours worked.

The amount of money you're paid before all taxes and deductions are taken out of your paycheck.

Your gross pay plus any bonuses.

Which of the following is a possible tax or deduction that they may show up on your paycheck?

Contributions to retirement savings

Which of the following is NOT a possible tax or deduction that could show up on your paycheck?

Contributions to retirement savings

What is the purpose of the W-4 form?

To inform your employer of how much federal income tax to withhold from your paychecks.

To determine how much your gross pay should be.

To avoid paying income taxes on your paychecks.

What do taxes pay for?

Schools, government departments, roads, and emergency services

Operation of financial institutions

What is the gig economy?

A flexible market that allows you to work short-term, independent jobs.

The number of people in the economy who have full-time employment jobs.

The total availability of employment and labor in the economy.

An economic system in which assets or services are shared between individuals.

What documents are necessary to complete your 1040 form?

Your routing and bank account number

A record of any other supplemental income

All of the following may be a part of your benefits package available from your employer, except:

matching contributions to a retirement account

Why is using a budget beneficial?

Helps to keep track of the money you receive

Helps to prioritize your spending

Helps reach short- and long-term financial goals

Which choice or choices best describes the purpose of an emergency fund?

All of the above are good reasons to have an emergency fund.

An emergency fund prepares you for unexpected expenses.

An emergency fund keeps you from borrowing money from friends and family.

An emergency fund removes the worry about expenses not in the budget.

Which of the following is TRUE regarding unexpected expenses?

They usually don't affect your budget.

They usually don't affect your ability to pay bills.

They should not be included in your budget.

What budgeting tip(s) would help you to stay on track financially?

Find a friend with similar goals and hold each other accountable

Put aside fun money in your budget so you’re not missing out

Only use your closest gas station to fill up gas

Making a good purchasing decision requires ________.

comparing the prices of similar items

waiting until the product is on sale, if possible

How is a post from a social media influencer different than a comment from a regular consumer?

The influencer is paid to post the product.

The post by the influencer is likely one-sided.

The post by the influencer may have been posted by the seller.

What is one of the best ways to get reliable information about a product?

Follow a social media influencer

Ask someone who has never used it

What is one of the most surprising insights about our habits? (Ch. 4/5)

You don't need to be aware of the cue for a habit to begin

You do need to be aware of the cue for the habit to begin

What can make habits dangerous? (Ch. 4/5)

Our ability to fall into habits automatically without much thought

Our work ethic might be affected

Our team moral is at risk because habits only benefit ourselves

Our ability to do habits in a way that benefits others

The author would agree with which statement most (Ch. 6)

People often chose products not because of what they are but where they are

People often chose friends not based on who they are but how they are

People often chose products not because of how much they cost but how healthy they are

People often chose friends based on who they know not who they are

How did the author describe Hawkins Stern's phenomenon? (Ch. 6)

A trigger when a shopper sees a product for the first time and visualizes they need it

When a shopper sees others buying something and visualizing they need it

When a shopper buys more than they can afford and accrues debt

When a shopper cant help but stealing

What is the key takeaway to the dopamine driven feedback loop? (ch. 8)

Dopamine is released not only when the reward is received but also when it is anticipated

Dopamine is only released when the reward is received

Dopamine is released during various times through the cycle more than twice

Dopamine is only released from the anticipation of a reward and never after

What should you be concerned with right now, when it comes to your success? According to the book.

The types of people you surround yourself with

What is the difference between goals and systems according to the author?

Goals are about the results you want. Systems are about the processes that lead to results.

Goals are meant to be good milestones while systems are how long it take us to achieve the goals.

Goals are the amount of time and effort you put in. Systems are about how you put in the time

Goals are about the process. Systems are about the results.

What is the Law of Least Effort?

We will naturally gravitate toward the option that requires the least amount of work.

We tend to go for what is most difficult

Complete the quote: Genes do not determine your destiny...

They determine your opportunity

They determine how quick you succeed

They determine the amount of time you put into things

What is true about social media in regards to business etiquette?

Employers can and will look up your social media profiles

What you post on social media can effect whether you are hired for a position or let go from a position

You should never post anything incriminating or inappropriate

What does it mean to invest money?

To use it to buy assets that could increase in value over time

Final Exam Practice (Business English)

Authored by Jaime Lira

English

12th Grade

CCSS covered

Used 19+ times

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50 questions

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MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is NOT a common feature of a financial institution?

Access to ATMs

Investment trading

Direct deposit

Debit cards

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following financial institutions typically have the highest fees?

Check cashing and payday loan companies

Credit unions

Brick-and-mortar banks

Internet banks

Tags

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

CCSS.RI.8.2

CCSS.RL.7.2

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which type of bank account typically offers the least (if any) interest?

Checking account

Savings account

Money market account

Certificate of deposit

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.8.3

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Savings accounts typically offer more interest than what type of account?

Retirement account

Money market account

Checking account

Certificate of deposit

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which type of bank account is best for everyday transactions?

Checking Account

Savings Account

Money Market Account

Certificate of Deposit

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Why is it important to reconcile your bank statements?

To avoid spending more than what is in your account.

To detect any errors in your account.

To determine if you were charged any fees.

All of the above

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.8.3

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following statements is TRUE?

If there is a mistake on one of your bank accounts, there is nothing you can do about it.

If there is a mistake on one of your bank accounts, you should wait 30 days as these issues tend to resolve themselves.

If there is a mistake on your bank account, you should contact your financial institution immediately.

None of the above.

Tags

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

CCSS.RI.8.2

CCSS.RI.7.2

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Final Exam Practice (Business English)

Which of the following is NOT a common feature of a financial institution?

Which of the following financial institutions typically have the highest fees?

Which type of bank account typically offers the least (if any) interest?

Savings accounts typically offer more interest than what type of account?

Which type of bank account is best for everyday transactions?

Why is it important to reconcile your bank statements?

Which of the following statements is TRUE?

If there is an issue with your bank statement or account balance, who should you contact to resolve the issue?

Which of the following statements about investing is TRUE?

Which of the following statements about investing is FALSE?

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