CFA 9.1 Reteach/Retest

When another person gives you money that you will need to pay back.

• Scarcity

• Borrowing

• Lend

• Interest

Giving money that needs to be paid back.

• Borrowing

• Credit

• Interest

• Lend

Amount of money borrowed and must be paid back, usually with interest.

• Interest

• Savings

• Credit

• Scarcity

Mr. Smith works in an office as an Insurance Agent. Which factor would most likely affect the amount of money he is paid?

• His family size

• He dresses nice

• He has a college degree

• He is healthy

The new Jordan's just dropped. There are only 42 available shoes. However, there is a high demand and 76 people want the new shoes. What will happen to the prices?

• The prices will the stay the same

• The prices will Increase

• The prices will decrease

• It will become free

Mrs. Smith found $3.48 in her purse.

Select TWO answers that could be the collection of bills and coins Mrs. Smith found.

• 2 dollars

  4 quarters

  4 dimes

  8 pennies

• 3 dollars

  4 quarters

  8 cents

• 12 quarters

  48 pennies

• 5 dollars

  4 dimes

  8 pennies