Financial Literacy

1) What is the term used to identify the top number of a fraction?

• A) denominator
• B) mixed number
• C) numerator
• D) prime number

2) Which of the following SMART goals is this statement referencing? "I will update my resume with relevant qualifications related to a career at an accounting firm."

• A) relevant
• B) achievable
• C) measurable
• D) specific

3) A-1 Repair Shop makes a deposit into their checking account with checks in the amount of $158.16 and $36.00. What is the total deposit?

• A) $234.16
• B) $214.16
• C) $194.16
• D) $198.16

4) Which of the following SMART goals is this statement referencing? "I will apply to three open positions for the manager of a development team at an accounting firm."

• A) measurable
• B) achievable
• C) specific
• D) time-based

5) Which of the following accounts is a type of savings vehicle?

• A) certificate of deposit
• B) checking
• C) money market
• D) personal loan

6) A mathematical statement in which two sides are equal.

• A) equation
• B) dividend
• C) property
• D) percentage

7) What could be a negative consequence when not including the relevant people in the making of a decision?

• A) disapproval upon implementation
• B) creating an unbiased situation
• C) not being able to evaluate the solution
• D) loss of alternative solutions

8) Which of the following SMART goals is this statement referencing? "To achieve my goal of being in financial leadership, I will need to take classes in finance."

• A) achievable
• B) specific
• C) measurable
• D) relevant

9) The United States has a system that regulated baking and guides monetary policy. What is the name of this system?

• A) Federal Reserve System
• B) Federal Investment System
• C) Federal Monetary System
• D) Federal Banking System

10) When a business owner borrows money to purchase land, he/she usually must offer the title to the property as collateral until the loan has been paid. This credit instrument is commonly referred to as a ___.

• A) mortgage
• B) sales contract
• C) promissory note
• D) liability