Financial Literacy Practice Quiz 9/12/24

How many years of study are required to earn a Bachelor's Degree?

• 16 (3 years of college)

• 15 (2 years of college)

• 17 (4 years of college)

• 14 (1 year of college)

How many years of study are required to earn an Associate Degree?

• 16 (3 years of college)

• 15 (2 years of college)

• 17 (4 years of college)

• 14 (1 year of college)

How many years of study are required to earn a high school diploma?

• <13

• 12

• 13

• <12

What does Return on Investment (ROI) mean?

• It's when you cancel an investment plan and get your invested money back

• The money that you get back relative to the money that you have spent

What is a certification?

• Your personal I.D.

• A credential that you earn to show you have specific skills or knowledge; tied to an occupation, technology, or industry. Offered by professional organizations.

• Another name for a diploma

• A paid ticket that allows you to get into things like concerts, parties, etc.

What is an apprenticeship?

• Hands-on experience but not usually paid

• A way to enter a number of well-paying jobs; involves hands-on experience and pays you for learning

What is an internship?

• A way to enter a number of well-paying jobs; involves hands-on experience and pays you for learning

• Hands-on experience but usually unpaid

Example of certification

• Associate of Science

• Certified Public Accountant (CPA)

• Bachelor of Science

• Master of Arts

2 benefits that make a bachelor's degree better than an associate's degree

• Able to apply for a large variety of jobs

• Higher weekly earnings

• Easier to obtain

• Takes less time to obtain