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Money Talk

Total questions: 32

Worksheet time: 29mins

Name
Class
Date
1.

The check register shows the transactions in Ms. Garcia’s new checking account. She opened the account on October 3.


Based on the information in the check register, what is the balance in Ms. Garcia’s check register after the ATM transaction on October 11?

a)

$5,105

b)

$2,095

c)

$3,600

d)

$1,505

2.

Before Nina bought groceries on April 22, she had a balance of $487.25 in her checking account. Nina wrote her transactions in her check register. She included all her transactions through the end of the day on April 23.

a)

$429.75

b)

$547.75

c)

$574.75

d)

$399.75

3.

The table shows the average annual salary for four jobs.


Based on this information, how much more will an elevator technician make than a librarian over 10 years?

a)

$174,930

b)

$126,307

c)

$17,493

d)

$1,263,070

4.

Yvonne is researching the effect of education on annual income. A summary of her research is shown in the table.


Based on the data in the table, how much more does a person with an associate’s degree earn than a person with only a high school diploma over 10 years?

a)

$6,916

b)

$74,724

c)

$747,240

d)

$69,160

5.
Which of the following can be damaging to a person's credit history?
a)
Having 15 accounts open with high balances
b)
Making minimum monthly payments on due date
c)
Having one hard inquiry on a credit report
d)
Having multiple addresses listed in personal information
6.
How many free credit reports is a person allowed in one year?
a)
1
b)
2
c)
Unlimited
d)
None
7.
What is one advantage of using a credit card over a debit card?
a)
Using a credit card never has an advantage over using a debit card. 
b)
Colleges may look at a person's credit history before accepting them into school.
c)
Apartment managers or landlords may look at a person's credit history before renting. 
d)
Using a credit card responsibly can build positive credit history. 
8.

What is investing?

a)

Possibility that an investment will fail to pay the expected return

b)

Money invested is usually used to pay for long-term goals

c)

Assets purchased with the goal of providing additional income from the asset itself but with the risk of loss

d)

The danger that money won’t be worth as much in the future as it is today.

9.

Investments are important to building:

a)

For emergencies

b)

For your future net worth

c)

A trade-off to higher returns is lower liquidity and higher risk

d)

Tax-advantaged investments

10.

What is the highest credit score you can achieve?

a)

800

b)

1000

c)

850

d)

550

11.

What is credit?

a)

Receiving goods and services now and paying for them later

b)

The process of depositing money into your savings the day you receive it so you have savings later

c)

Having ownership of a company based on how many stocks you have bought

d)

Accumulating money each month for emergencies

12.

When is interest paid?

a)

When the company you have bought stock in has earned you a profit

b)

When you borrow money from a lender and they charge you for the convenience of giving you a line of credit

c)

When you put money into your savings

d)

When you over withdrawal in your bank account and you are charged a fee

13.

To earn $25.00 how long do you have to save $5.00

a)

4 weeks

b)

5 weeks

c)

6 weeks

d)

1 week

14.

If you make $7.00 a week for 6 weeks, how much money will you have.

a)

$71.00

b)

$17.00

c)

$42.00

d)

$56.00

15.

If you make $7.00 a week for 5 weeks, but you spend $4.00 how much money will you have?

a)

$28.00

b)

$31.00

c)

$17.00

d)

$71.00

16.

If you make $35.00 in 5 week, this means you make $_____ a week.

a)

$17.00

b)

$71.00

c)

$7.00

d)

$700.00

17.

A fee a bank, credit card, or lender charges to purchase something & pay for it over time

a)

Dividend

b)

Interest

c)

Credit

d)

Finance Rate

18.
How can a cardholder avoid paying interest on a credit card?
a)
Pay the balance in full every month
b)
Pay the minimum payment after its due date
c)
Do not pay anything
d)
Pay the minimum balance every month
19.
Only making the minimum payment on a credit card every month will:
a)
lower the amount total paid for the purchase
b)
take longer to pay off which will result in paying more interest, more money!
c)
pay off the credit card faster
20.
A credit report is a report showing a borrower's history of how well they paid their bills.
a)
True
b)
False
21.
You have a choice between two credit cards: American Express 8.99% or Chase Sapphire 12.99%. Which card offers the better rate?
a)
Chase Sapphire
b)
American Express
22.
Paying credit card payments on time is
a)
positive
b)
negative
c)
silly
d)
a waste of energy
23.
Who is the number one target of credit card companies?
a)
People without a high school diploma
b)
Teenagers
c)
The elderly
d)
Middle Aged Adults
24.
The main difference between a credit card and debit card is
a)
A debit card requires that you have the cash available in the account; a credit card doesn't
b)
A credit card has the Visa or MasterCard logo; a debit card doesn’t
c)
A debit card does not offer the same protections as a credit card.
d)
A credit card requires that you have the cash available in the account, a debit card doesn't
25.
True or False: Bankruptcy and foreclosure are both good financial things.
a)
True
b)
False
26.
A legal procedure for dealing with debt when and individual cannot repay what they own. It is the worst financial thing that can happen to a person.
a)
Loan
b)
Bankruptcy
c)
Forclosure
d)
Rent To Own
27.
Debts that are owed by an individual
a)
liabilities
b)
fixed expenses
c)
net worth
d)
assets
28.
Items that are owned by an individual
a)
assets
b)
liabilities
c)
property
d)
expenses
29.
A plan for spending
a)
income
b)
expenses
c)
sales tax
d)
budget
30.
Which type of expenses are these, rent, car payment?
a)
Crazy bills
b)
Variable expense
c)
Fixed expense
31.
If the Moore's monthly income is $5,000 what amount of their budget is spent on miscellaneous expenses?
a)
$2,000
b)
$.08
c)
$200
d)
$4
32.
Gas expenses are a type of _________ cost.
a)
fixed
b)
variable