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Life After HS Final Exam Review

Total questions: 20

Worksheet time: 13mins

Name
Class
Date
1.

Net pay is ...

a)

The amount of money used to pay taxes

b)

The amount of money you take home in your paycheck

c)

Payroll witholding

d)

The amount of money you make

2.

What is the first step to take if your identity is stolen?

a)

Close any accounts that may have been compromised

b)

Place a fraud alert on you bank accounts and credit reports

c)

File a report with the police

d)

File an identity theft complaint

3.

A good resume should be how long?

a)

2-3 pages

b)

1 full page

c)

Half a page

d)

2 pages

4.

Which of the following takes 25-35% of a typical budget?

a)

Clothing

b)

Savings

c)

Housing

d)

Food

5.

Taxes are taken out of your paycheck to...

a)

provide public goods and services

b)

build new cars

c)

build new homes

d)

pay for fast food chains

6.

What is an EXECUTOR?

a)

Someone who does your taxes

b)

A banker

c)

A person working for a credit card company

d)

The person who carries out the wishes of a will

7.

Investments always yield money.

a)

TRUE

b)

FALSE

8.

Which of the following is NOT a factor that affects the price of a stock?

a)

Products and services a company provides

b)

Supply and demand

c)

Price of the stock from the previous year

d)

Investors' feelings towards a company

9.

Citibank is one of the 3 consumer credit bureaus.

a)

TRUE

b)

FALSE

10.

An insurance deductible is...

a)

Amount you pay before insurance covers costs

b)

Amount you pay every month

c)

Amount paid each visit

d)

Contract between you and the insurance company

11.

"Warm, compassionate, sincere" are characteristics of someone who is what color from TRUE COLORS Personality test?

a)

Orange

b)

Gold

c)

Blue

d)

Green

12.

"Spontaneous, Impulsive, Bold" are characteristics of someone who is what color from TRUE COLORS Personality test?

a)

Orange

b)

Gold

c)

Blue

d)

Green

13.

A 529 savings account is...

a)

an account that earns interest and is issued by the bank

b)

a share in the ownership of a company

c)

account specifically for educational expenses

d)

savings certificate issued by a bank or credit union

14.

A savings account is...

a)

an account that earns interest and is issued by the bank

b)

a share in the ownership of a company

c)

account specifically for educational expenses

d)

savings certificate issued by a bank or credit union

15.

Self concept is...

a)

The way we would like to be

b)

Feelings we have about ourselves

c)

Picture or perception of ourselves

16.

In the time management matrix, NECESSITY-REDUCE is in what quadrant?

a)

Not important - Urgent

b)

Not important- Not urgent

c)

Important - Not Urgent

d)

Important - Urgent

17.

In the time management matrix, QUALITY-INCREASE is in what quadrant?

a)

Not important - Urgent

b)

Not important- Not urgent

c)

Important - Not Urgent

d)

Important - Urgent

18.

Which of the following should NOT be on a resume?

a)

GPA

b)

Email address

c)

Name

d)

Previous salary

19.

What should NOT be in a Cover Letter?

a)

Information about yourself

b)

Your references

c)

Thanking the manager/company for reviewing your letter

d)

Your qualifications

20.

When taking out a loan, what 2 things are taken into consideration?

a)

Income

b)

How many credit cards you own

c)

Credit history

d)

Bank balances