RWC Simulator Quiz

How often (in real time) does the RWC Simulator pay you your in-class salary?

• Every day

• Once a week

• Once a month

• Every other Friday

• After every test

Which page on the RWC Student Portal do you go to in order to check your credit score?

• Dashboard

• Banking

• Personal Inventory

• Reports

• Credit Management

All of your monthly bills are found on the Upcoming Bills page. If next to one of your bills the “Due Date” is in RED font, what does that mean?

• That bill is past due.

• That bill has an amount due coming up this week.

• Nothing. All of them are always in red font to draw your attention.

• You are ahead on your payments and do not have a payment due this week.

• Trick question. The “Due Date” is not the column that ever uses red font.

The RWC simulation pauses during times of the year when you are not in school. Consequently, you do not have to worry about paying bills during that time.

• True

• False

Each calendar week in the real world simulates one month in simulation lab.

• True

• False

If you want, you can pay any and all of your bills with your credit card in the RWC.

• True

• False

The trick to making smart financial decisions is to remove the emotional component and look at the numbers first.

• True

• False

Which of the following best describes the term “Intrinsic Value”?

• How much money an item is bought or sold for.

• How much an item is valued by an individual for personal reasons.

• How much something is worth when compared to something else.

• How much a person wants or needs an item.

• How much an item is valued based on its uniqueness.

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RL.11-12.2

CCSS.RL.9-10.2

CCSS.RL.8.2

Assuming that no one was lied to or deceived, every exchange that occurs happens because the parties involved are getting something they want more than what they are giving up, regardless of monetary value.

• True

• False

An object’s worth can be measured and influenced by many things and not just what someone is willing to pay for it.

• True

• False

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RL.11-12.2

CCSS.RL.9-10.2

CCSS.RI.8.2