JA Finance Park

1. 1. Your abilities include:

• The things you do well

• Your mental competence

• The skill you need to do something

• All of the above

2. 2. Career planning is done:

• After high school

• In college

• Throughout a lifetime

• Once in a lifetime

3. 3. What are the three main types of taxes?

• Income, sales, and property

• Unemployment, sales, and property

• Federal income, unemployment, and state

• State, property, and unemployment

4. 4. The total amount of earnings made over a one-year period after all deductions have been taken is:

• Gross annual income

• Gross monthly income

• Net annual income

• Net monthly income

5. 5. When it comes to personal savings, what does the acronym PYF stand for?

• Prepare Your Future

• Prepare Your Finances

• Pay Yourself First

• Prepay Your Finances

6. 6. A saver who wants her savings insured by the FDIC (Federal Deposit Insurance Corporation) wants to use this savings option

• Stocks

• Bonds

• Mutual Funds

• Savings Account

7. 7. Protection against risk is the primary reason people purchase this type of policy

• Auto insurance

• Health Insurance

• Home Insurance

• All of the above

8. 8. An example of a financial institution is:

• a department store

• A bank

• A school

• An ATM machine

9. 9. Which of the following statements is NOT correct?

• A debit card allows for an immediate electronic transfer of money from a cardholder's savings or checking account.

• A debit card is essentially a paper check but doesn't require the processing time a check does.

• A debit card is handy in an emergency when you don't have the money to spend.

• A debit card is a pay-now payment type with no grace period for payment.

10. 10. Lenders use credit agencies to determine:

• An applicant's credit score

• An applicant's credit history

• Whether an applicant has any outstanding debts or defaults

• All of the above