WorksheetsFinancial Unit Quiz Review
Total questions: 10
Worksheet time: 13mins
Mr. Lloyd wants to buy a new television, but he does not have enough money in his bank account to pay for one. Which of these is NOT an option for Mr. Lloyd?
He can use his credit card to buy the television now.
He can save money and pay cash for the television at a later date,
He can use his debit card to buy the television now.
He can save money and use his debit card to buy the television at a later date.
A technician makes $71, 900 annually and a librarian makes $54,406 annually. How much more will the technician make than the librarian over a 10 year period?
$174,940
$126,307
$17,494
$1,2626,070
What is a benefit of using a credit card?
Credit purchases never have annual fees.
Purchases are immediately deducted from your bank account
Interest is added to upaid monthly balances.
Can make larger purchases without having all of the money in your checking account.
Oran is planning to attend a four year college next year. The tuition is $7900 per year. Oran has been awarded a scholarship that will pay 30% of his tuition, and his parents have given him $2500 towards his first year of tuition. How much does Oran still need to save to pay for his first year of college?
$2370
$3030
$3780
$2030
Do you remember? There is a group with a boy, boy, girl, girl, boy, boy, and boy. What is the ratio of boys to girls?
3:7
5:2
2:5
2: 7
Which of the following have a negative effect on someone's credit?
Working for the same company for more than 12 years.
Last year, you make 3 late mortgage payments on your house.
You make all of your car payments on time.
Your income has been increasing for the past 13 years.
Matteo has decided to go to the University of North Texas. The tuition will be $8000. Matteo got really good grades in high school and was awarded a scholarship that covers 40% of his tuition. How much money is his scholarship worth for his first year of college?
$4200
$2500
$3200
$4800
Sally really wants to go to college. Which of the following are sources of income she can use for college, that she does NOT have to pay back.
Scholarship, loan, room and board
Scholarship, work-study, and tuition
Scholarship, grant and work-study
Grant, loan, work-study and tuition
Based on Median Annual Salaries, a person with a Bachelor's Degree will earn about $57,600 and with a Master's Degree they'll earn about $69,100. How much more would you expect a person to earn with a Master's Degree than a person with a Bachelor's Degree over a 35 year career?
$402,500
$126,770
$11,500
$4,434,500
Which of the following is not on a credit report?
Where you live or have lived
Credit cards and loans you have
How much you owe on credit
The amount of money in your checking and savings account
