WorksheetsFuture Smart
Total questions: 25
Worksheet time: 13mins
Name
Class
Date
1.
Your friend is worried about going over his budget for the month. Which expense would you suggest is NOT a need?
a)
Your rent
b)
Your Netflix bill
c)
Your electric bill
d)
Your grocery bill
2.
Once a budget is set, you cannot change it.
a)
True
b)
False
3.
Which of the following is a variable expense?
a)
Your car payment
b)
Your rent
c)
Your cost of going out to eat with friends
d)
Your insurance premium
4.
Opportunity cost is best described as
a)
The amount of money a business makes every year
b)
What you gain as a result of choosing one option versus another; a benefit.
c)
What you give up as a result of choosing one option versus another; a trade-off.
d)
The amount of money you put into savings every year.
5.
If case of soda costs $3 and there are 12 sodas in a case, how much does one can of soda cost?
a)
$1.00 each
b)
$.50 or 50 cents each
c)
$.25 or 25 cents each
d)
$2.50 each
6.
What is a better value, 4 cases of soda for $14.00 or 3 cases of soda for $9.00?
a)
4 cases for $14.00
b)
3 cases for $9.00
7.
What is the best strategy for avoiding credit card interest?
a)
Make payments online
b)
Skip payments
c)
Pay the full balance each month
d)
Pay the minimum balance
8.
Amy's babysitting job will pay her $7/hour. Which term describes this type of hourly income?
a)
salary
b)
tips
c)
wage
d)
bonus
9.
Taylor wants to make a purchase using the money in her checking account. What method of payment should she use to instantly and directly access these funds?
a)
Credit Card
b)
Debit Card
c)
Prepaid Card
d)
Gift Card
10.
The longer you use credit responsibly, the higher your credit score.
a)
true
b)
false
11.
The tax paid to the federal government based on your income is called
a)
State Income Tax
b)
Federal Income Tax
c)
Medicare Tax
d)
Property Tax
12.
Which factor has the biggest impact on a credit score?
a)
Type of credit
b)
Amount owed
c)
Length of credit
d)
Payment History
13.
The more education and training you receive; the more money you will likely earn in your career.
a)
true
b)
false
14.
Sam is a mobile app developer and has received five job offers in the last week. This is most likely because:
a)
Demand for mobile app developers is high
b)
Supply of mobile app developers is high
c)
Demand for mobile app developers is low
d)
Demand and supply for mobile app developers are equal
15.
Attending an in-state public university is generally less expensive than an out of state public university.
a)
true
b)
false
16.
Which career will most likely earn the highest salary?
a)
Accountant
b)
Construction Worker
c)
Medical Doctor
d)
Fitness Instructor
17.
The amount of money a company makes from sales
a)
Profit
b)
Revenue
c)
Expense
d)
Loss
18.
Joe wants to put his money in a savings account. Which account will grow his money the most?
a)
Account 1 - Interest rate 2%, Interest compounded daily
b)
Account 2 - Interest rate 1%, Interest compounded daily
c)
Account 3 - Interest rate 2%, Interest compounded semi-annually
d)
Account 4 - Interest rate 1%, Interest compounded annually
19.
The cost to enroll in higher education.
a)
Price
b)
Tuition
c)
Inflation
d)
Expense
20.
A small piece of ownership in a company.
a)
Bond
b)
Stock
c)
Dividend
d)
Interest
21.
A loss is when:
a)
Your revenue is higher than your expenses
b)
Your revenue and expenses are the same
c)
Your expenses are higher than your revenue
d)
None of the above
22.
The amount you pay the insurance company for coverage
a)
Deductible
b)
Co-Payment
c)
Premium
d)
Fee
23.
Which of the following statements about stock is true?
a)
Only rich people can invest in stocks
b)
Stocks cannot be bought online
c)
Company management can affect stock price
d)
Stocks prices stay the same most of the time.
24.
You are a student in middle school. What would be an appropriate amount of risk to take with your investments?
a)
Highest risk, highest growth
b)
Medium risk, medium growth
c)
Lower risk, lower growth
d)
none of these
25.
A stock exchange is the physical place where stocks are traded.
a)
True
b)
False
100 %
