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WorksheetsSpring Final
Total questions: 50
Worksheet time: 24mins
Name
Class
Date
1.
All of these are places to purchase a vehicle except
a)
Internet
b)
Tow Yard
c)
Private owner
d)
Dealership
2.
There are 5 steps to planned buying process.
a)
True
b)
False
3.
Which one of these is NOT a step in the planned buying process?
a)
Negotiating
b)
Fitting the budget
c)
Balance Options Research
d)
Comparison shopping
4.
Family and friends are not the best ways to pre-shopping research.
a)
False
b)
True
5.
Dealer’s initial asking price
a)
MSRP
b)
Sticker Price
c)
Base Price
d)
Purchase Price
6.
A cash payment made by the customer or the value of a vehicle given as a trade in.
a)
Installment Payment
b)
Rebates
c)
Down Payment
d)
Deprecation
7.
Housing is approximately _____ of a person's income.
a)
half
b)
1/4
c)
1/3
d)
3/4
8.
The cost of using someone's else's property.
a)
paying a down payment
b)
paying a mortgage
c)
paying a security deposit
d)
paying rent
9.
The owner of the rental property
a)
Tenant
b)
Landlord
c)
Property Manager
d)
Leasee
10.
These are all advantages to renting your living space, expect.
a)
No tax deductions
b)
Fixed monthly expenses
c)
Less maintenance and repair work
d)
Location Choices
11.
Which one of these are not important when looking for a living space?
a)
Color
b)
Location
c)
Space
d)
Utilities
12.
Single housing unit usually surrounded by a yard. This best describes which type of living space.
a)
Duplex
b)
Apartment
c)
House
d)
Condominiums
13.
Single apartment in a multiple housing structure that can contain multiple stories, garages, and yards. This best describes which type of living space?
a)
Duplex
b)
Condominiums
c)
Residence Halls
d)
Studio apartments
14.
Duplexes are houses composed of two apartments situated side by side.
a)
True
b)
False
15.
A(n) ______________________ is a written contract specifying the legal responsibilities of both the tenant and the landlord.
a)
Eviction Agreement
b)
Subleasing Agreement
c)
Lease Agreement
d)
Renter's Agreement
16.
Your credit is not a factor when you want to purchase a home or car.
a)
False
b)
True
17.
The color of a vehicle doesn't affect the price of the vehicle.
a)
True
b)
False
18.
Once a person has found a living space that meets their needs and budget, they should ____________ the living space.
a)
paint
b)
inspect
c)
move into
d)
buy
19.
Laws states that the landlord must sell you the rental property after you make 10 years of consecutive payments.
a)
True
b)
False
20.
Finish this saying, "Home is where the _______ is"
a)
food
b)
wifi
c)
heart
d)
money
21.
Hardie Baller has met the deductible for his doctor's visit. However, his insurance company requires his to pay 20% of all expenses above this deductible amount. This clause is called:
a)
Coordination of benefits
b)
Add on expenses
c)
Coinsurance
d)
Stop-loss provision
22.
La-shur Gambino must pay $500 in doctor's visits before her insurance company will make any payments for doctor's visits. This is called:
a)
Coordination of benefits
b)
Deductible
c)
Coinsurance
d)
Stop-loss provision
23.
Individuals and families purchase life insurance to:
a)
Get rich quick
b)
Fill financial needs created by the loss of the breadwinner
c)
Defraud the insurance companies
d)
Keep up with people with a similar financial situation
24.
Lester just bought the stock of a company. He knows that he will receive a cash payment from the company once a quarter, although the company is not obligated to make this payment. What will he receive?
a)
Equity
b)
Proxy
c)
Vothing Rights
d)
Dividends
25.
What is a bond?
a)
A share of ownership in a company
b)
A type of investment that is offered only by depository institutions
c)
A form of lending to a company or the government that pays annual interest until its maturity date
d)
A type of certificate of deposit with a higher than average interest rate
26.
Starkisha has purchased the stock of the Williams Widget Company. After she buys the stock she is told that the number of shares she owns will be divided into a larger number. In fact, she will get two shares for every share that she owns today. What has happened to this company?
a)
Dividend split
b)
Proxy split
c)
Stock split
d)
Banana split
27.
A short-term investment objective is defined as one that will be accomplished within a period of:
a)
Two to five years
b)
Less than one year
c)
More than five years
d)
None of the above
28.
The financially independent firm or individual that acts as the bondholders' representative is the:
a)
Chairman of the board
b)
President of the corporation
c)
Debenture holder
d)
Trustee
29.
Stock analysts use this term for a market which is doing poorly and does not have investors:
a)
Rooster Market
b)
Bear market
c)
Bull market
d)
Lamb market
30.
A growth stock is associated with companies that:
a)
Have a consistent record of relatively rapid growth and earnings
b)
Have a spotty earning pattern but potential for substantial earnings in the future
c)
Dominate their respective industries and have good company management reputations
d)
Have a steady stream of income paying high dividends and retaining portion of profits
31.
Which of the following is true concerning automobile loans?
a)
Down payments minus the loan amount
b)
Down payment, trade-in value, and total loan amount
c)
The higher the APR, the lower the total loan amount
d)
The longer the time period of the loan, the smaller the payments
32.
Draco purchased a $3,000 3D TV from Best Buy. She will make 24 equal payments over the two years to pay for it. Draco is using:
a)
Revolving credit
b)
Single lump-sum credit
c)
Open-end credit
d)
Closed-end credit
33.
What is Mary's net pay on this paycheck?
a)
$448.00
b)
$824.00
c)
$349.20
d)
$725.21
34.
How much FICA did Mary pay on this paycheck?
a)
$34.29
b)
$77.74
c)
$21.06
d)
$42.35
35.
Unplanned purchases which can lead to financial problems are called:
a)
Unplanned purchases
b)
Impulse buying
c)
Excessive spending
d)
Strategic Placement
36.
In the 5 C's of Credit, Capacity means:
a)
The borrower's financial ability to meet credit obligations
b)
The borrower's attitude toward credit obligations
c)
The borrower's assets or net worth
d)
An asset that your pledge to a financial institution to obtain a loan
37.
How can a cardholder avoid paying interest on a credit card?
a)
Pay the minimum payment amount every month
b)
Pay the balance in full every month
c)
Only use a credit card for balance transfers
d)
Interest is always paid on a credit card
38.
This room 3010
a)
False
b)
True
39.
Ms. O hates Michael Jackson
a)
True
b)
False
40.
Money taken out of an account is a
a)
Deposit
b)
Market
c)
Banking
d)
Withdrawal
41.
EFT stands for
a)
Every Funds Transfer
b)
Electronic Funds Taken
c)
Electronic Funds Transfer
d)
Electronic Fraud Team
42.
P.I.N stand for
a)
Personal Insurance Notice
b)
Personal Identification Number
c)
Purchase in Notice
43.
P.O.S stand for
a)
Payment of Sale
b)
Purchase on Sale
c)
Point of Sale
d)
Posted on Sale
44.
Change passwords once a
a)
Day
b)
Week
c)
Month
d)
Year
45.
URL ends in “s” which stands for
a)
Spy-Free
b)
Smart
c)
Secure
d)
Send
46.
Which city is the school located in ?
a)
Katy
b)
Houston
c)
Cypress
47.
You can deposits, withdrawals, transfers, and see account balance information using this.
a)
P.O.S Terminal
b)
Automated Teller Machine
c)
Sales Kiosk
48.
Electronic banking and online banking are the same.
a)
True
b)
False
49.
Your passwords should be numbers or all letters.
a)
True
b)
False
50.
Choose which career cluster Teacher would be in:
a)
Agriculture, Food, and Natural Resources
b)
Education and Training
c)
Health Science
d)
Manufacturing
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