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Senior Survival Skills final exam review

Total questions: 68

Worksheet time: 35mins

Name
Class
Date
1.

What is the minimum amount of time you should give your boss if you plan to leave your job?

a)

1 Month

b)

2 Weeks

c)

1 Week

d)

1 Day

2.

You should know your 9 digit social security number by heart since you have to recall it a lot as an adult.

a)

True

b)

False

3.

All of the following should NOT be worn for a job interview EXCEPT....

a)

Leggings

b)

Tie

c)

Low cut tops or sagging pants

d)

Flip Flops

4.

After an interview, do the following to increase your chance of getting the job.

a)

Send a thank-you note

b)

Wait by the phone

c)

Show up ready for work

d)

Re-apply

5.

You burned your hand cooking a little bit, what should you do now?

a)

Run it under cool water

b)

Call 911

c)

Put butter or oil on it

d)

Wrap it tightly in a bandage

6.

If you have a grease fire, what should you NEVER do?

a)

Use a fire extinguisher

b)

Flee your home

c)

Douse it with water

d)

Call 911

7.

When filling out a form (scholarship, doctor office, field trip, etc.) you should always use a

a)

Pencil so you can fix mistakes

b)

Blue or black ink, it's professional

c)

Leave things blank if you don't know what to put

d)

Highlighters so you information stands out

8.

How often should you change the oil in your car?

a)

Every 3 months OR every 3,000 miles

b)

Every month OR every 5,000 miles

c)

Wait, I have to get the oil changed?

9.

What temperature is the best for washing dark clothes?

a)

Cold

b)

Hot

c)

Warm

d)

Hand wash only

10.

Once you have a job what should you do each year?

a)

File your taxes

b)

Not worry about taxes, your parents will handle it for you

11.

Your white laundry turned pink! What happened?

a)

Someone washed pink things before you

b)

You didn't separate your lights and darks

c)

You used a detergent with coloring in it

d)

You put too much bleach in the load

12.

An act of taking money out of an account.

a)

Deposit

b)

Withdrawal

c)

Balance

d)

Online Banking

13.

A payment that is electronically put into an individual's account.

a)

Deposit

b)

Direct Deposit

c)

Balance

d)

Routing Number

14.

The process of accessing or using banking products and services through an online service.

a)

Direct Deposit

b)

Bank Statement

c)

Online Banking

d)

Interest

15.

The amount of money an individual has available in his checking or savings account.

a)

Balance

b)

Bank Statement

c)

Deposit

d)

Checking Account

16.

A fee incurred when your checking account doesn’t have enough funds to cover a payment that is requested.

a)

Overdrawn

b)

Overdraft Fee

c)

Interest Rate

d)

FDIC

17.

If you spend more money from your bank account than the account contained, you have

a)

Overdraft Fee

b)

Overdrawn

c)

Balance

d)

Withdrawal

18.

The rate the bank pays you on the money in your accounts.

a)

Interest Rate/Dividends

b)

Overdraft Fee

c)

Direct Deposit

d)

Balance

19.

An account at a financial institution into which you can deposit money and from which you can write checks for purchases.

a)

Checking Account

b)

Bank Statement

c)

Savings Account

d)

Online Banking

20.

A nine-digit number that identifies your financial institution.

a)

Routing Number

b)

Account Number

c)

Checking Account

d)

FDIC

21.

Which number shows who you are paying?

a)

2

b)

6

c)

5

d)

1

22.

Which number shows the memo line?

a)

1

b)

4

c)

5

d)

6

23.

Which number shows the amount in written form?

a)

1

b)

3

c)

4

d)

5

24.

Which number shows the routing number?

a)

6

b)

7

c)

8

d)

9

25.

Which number shows the account number?

a)

6

b)

7

c)

8

d)

9

26.

What is the first step in changing a tire after you have pulled to a safe location on level ground?

a)

Loosen the lug nuts

b)

Use the jack to lift the vehicle

27.

In what order should you loosen and tighten the lug nuts when changing a tire?

a)

Clockwise

b)

Counterclockwise

c)

Star Pattern

d)

It doesn't matter

28.

During a job interview, you should...

a)

never break eye contact

b)

never make eye contact

c)

use normal eye contact

d)

only interview over the phone

29.

Which of the following will not affect your credit score?

a)

applying for a credit card

b)

missing a payment

c)

closing a credit card

d)

checking your credit score

30.

Your resume should be ______ page(s).

a)

1

b)

2

c)

3

d)

4

31.

I should only make the minimum payments on my credit card and student loans.

a)

true

b)

false

32.

At what age do you no longer benefit from your parents' health insurance, typically?

a)

18

b)

21

c)

26

d)

30

33.

If you move off campus or out of your parents' house, you should budget _______ of your monthly income for rent and utilities.

a)

25-30%

b)

5-10%

c)

75-80%

d)

45-40%

34.

It's no big deal to give out your social security number.

a)

true

b)

false

35.

What is the cost of borrowing money called?

a)

Interest

b)

Inflation

c)

Deficit

d)

Fees and charges

36.

Giving your time and services to an employer in an exchange for money is what?

a)

Money Management

b)

Spending

c)

Budget

d)

Income

37.

In case of emergency, it is best to have what...

a)

Good Credit

b)

Money Saved

c)

Budget Plan

d)

Credit Card

38.

By investing you are...

a)

Making your money grow

b)

Saving for emergencies

c)

Adulting

d)

Building your credit

39.

By investing you should ____ more money than you ____ in due to interest.

a)

put, get

b)

get, put

c)

get, save

d)

get, borrow

40.

When purchasing a new house, most people will use what method of payment?

a)

Cash

b)

Credit Card

c)

Mortgage

d)

Debit Card

41.

What is the difference between a debit card and a credit card?

a)

A debit card takes money immediately from a bank account. With a credit card you pay later. (plus interest)

b)

A credit card takes money immediately from a bank account. With a debit card you pay later.

c)

A credit card takes money immediately from your savings fund. With a debit card you are charged interest.

d)

A debit card takes money immediately from your savings fund. With a debit card you are charged interest. (plus interest)

42.

All of the following things should be kept in your car EXCEPT

a)

Registration

b)

Proof of Car Insurance

c)

Title

d)

Jumper Cables/Emergency car kit

43.

Which of the following is NOT part of a SMART goal?

a)

Simple

b)

Realistic

c)

Measurable

d)

Time-bound

44.

Which of the following is NOT a major heading on a resume?

a)

References

b)

Work Experience

c)

Education

d)

Hobbies

45.

This is the form you get at the beginning of the year as a summary of your earnings & deductions, that you use to get your taxes done.

a)

W-2

b)

W-4

46.

Your take home pay is also known as

a)

Gross Pay

b)

Net Pay

47.

What is the gross pay for someone who works $10 and works 10 hours?

a)

10

b)

20

c)

100

d)

200

48.

How many references should you have on a resume?

a)

none

b)

1

c)

3

d)

5 (3 professional, 2 personal)

49.

To finance a post-secondary education, which would be the top 2 (in regards to "free-ish" money)?

a)

Grants & work study

b)

Work study & federal loans

c)

private loans & federal loans

d)

Federal loans & grants

50.

A good rule of thumb for borrowing student loan money is never borrow more than what you can expect your first year's salary to be.

a)

TRUE

b)

FALSE

51.

To spread your money out to many different investing & saving options.

a)

Liquidity

b)

Diversification

52.

The most liquid account (where I could easily turn my investment/savings into cash) would be

a)

stocks

b)

savings account

c)

mutual funds

d)

retirement accounts like 401k

53.

To "pay yourself first" means to

a)

spend money on yourself before saving

b)

put money into savings before you spend any

54.

It's suggested that you save 30% of your income each paycheck

a)

TRUE

b)

FALSE

55.

It's suggested that you don't spend more than ____% of you income on transportation costs.

a)

10

b)

20

c)

30

d)

40

56.

The shorter the loan term, the less money you will have to pay back in interest.

a)

TRUE

b)

FALSE

57.

You want to have a high credit score.

a)

TRUE

b)

FALSE

58.

You are allowed to get 1 free credit report from each of the 3 credit bureaus each year.

a)

TRUE

b)

FALSE

59.

Two disadvantages of buying a new car (which happen to be 2 of the advantages of buying a used car) include which two?

a)

depreciation

b)

miles

c)

cost

d)

wear & tear

60.

you can often get the best deal on a new car if you negotiate from the invoice price up.

a)

TRUE

b)

FALSE

61.

ATM usually means Automated Teller Machine. HOWEVER, ATM in regards to INSURANCE means all of the following except

a)

Avoid

b)

Minimize

c)

Automatic

d)

Transfer

62.

This is the amount you pay just to have insurance (usually taken out of your paycheck)

a)

Premium

b)

Deductible

c)

Co-pay

d)

Liability

63.

Renter's insurance only covers your belongings (not your roommate's) and is relatively inexpensive.

a)

TRUE

b)

FALSE

64.

Fabric softener should be used with all types of clothing each time you wash them.

a)

TRUE

b)

FALSE

65.

You should check/empty the lint trap every time you put a load into the dryer.

a)

TRUE

b)

FALSE

66.

Which of the following are ways to save money at the grocery store?

a)

Use SHIPT delivery (or a curb-side pick-up)

b)

Make a list before you go

c)

Don't shop hungry

d)

Buy off brand when you can

67.

Which of the following are ways you could get food-poisoning?

a)

Someone not washing their hands

b)

food being left out more than 2 hours (that should be refrigerated)

c)

cross-contamination

d)

Cutting veggies on a separate board from raw meat

68.

Which form do you fill out to see how much financial aid you could receive?

a)

Parchment

b)

FAFSA

c)

Resume

d)

W-4