Dollars & Sense Semester Review

The lowest hourly wage employers can pay most workers by law is

• Bonus

• Commission

• Minimum wage

• Salary

Income paid as a percentage of sales made by a salesperson

• Bonus

• Commission

• Minimum wage

• Salary

Money added to an employee's base pay is

• Bonus

• Commission

• Minimum wage

• Salary

What are three questions you should ask yourself before buying something?

• Can I afford it?

• What will the consequences of my purchase be?

• Should I use my credit or debit card?

• How will I pay for it?

Movement of funds from one account to another is

• Transfer

• Bank statement

• Endorsement

• Withdrawal

The lowest amount required, on a credit card, to keep the account in good standing is

• Debt

• Minimum payment

• Principal

• Credit Limit

When you owe more money than you have is a

• Debt

• Minimum payment

• Principal

• Credit Limit

Amount you can charge on an account and is determined by the credit card company is

• Debt

• Minimum payment

• Principal

• Credit limit

The term for an original amount of money on which interest is calculated is

• Debt

• Minimum payment

• Principal

• Credit limit

APY stands for Annual Percent Yield

• True

• False