Which of the following is an example of a low risk savings account that does not require much money to start?

• Stock portfolio

• traditional savings account

• Money market account

• high yield savings account

Emma is reviewing different types of insurance policies to protect herself from unexpected expenses so she needs __________. Select 3.

• Medical insurance

• Dental insurance

• Homeowners insurance

• Life insurance

Which of the following is an example of investing?

• Opening a checking account

• Buying stocks

• Using a debit card

• Withdrawing cash

What does fiscal responsibility include?

• Making random purchases

• Careful spending decisions

• Ignoring savings

• Avoiding insurance

Zoe wants to buy a new laptop but doesn't have enough money to pay for it all at once. She decides to borrow a set amount from a lender and agrees to pay it back in regular monthly payments. What type of credit is Zoe using?

• Revolving credit

• Installment credit

• Store credit

• Payday loan

If you have a line of credit of $5,000, and you make purchases and pay those off by the end of each month, you have

• revolving line of credit

• installment credit

• personal loan

• mutual fund

How can changes in technology affect the workforce?

• By making all jobs obsolete

• By changing the skills and education needed for jobs

• By reducing the need for any education

• By increasing the number of manual labor jobs

A ____ is a promise, especially a written one, that something will work properly or be of good quality

• warranty

• guarantee

• stock

• budget

Ava just received her first credit card. Why is it important for her to use credit wisely?

• To increase your spending without consequences

• To maintain a good credit score and avoid debt

• To avoid paying any interest

• To get unlimited loans

How does supply and demand influence job income?

• It has no effect on income

• High demand and low supply can increase income

• Low demand and high supply always increase income

• Only education affects income