WorksheetsMM 2022 Fall review
Total questions: 40
Worksheet time: 39mins
What element of the following goal is missing?
I plan to save $1500 to buy a used car. I will do this by cancelling my home cable service and saving $75 each month instead.
Time
Specific
Realistic
Which of the following is not a benefit of goal setting?
It's one more thing to think about.
Helps create well-being
Helps with decision making
The moral rules of society
ethics
self-management
prejudice
responsibility
A company's reputation can be damaged by the ______ of an employee.
honesty
unethical behavior
reputation
values
It is the study of the methods and principles used to distinguish good from bad, right from wrong actions.
Actions
Objects
Ethics
Moral
The following are examples of good ethics at the workplace
Blow the whistle, stay productive, and set the example
Stay productive, being punctual, and lack of communication
Lying, being accountable, and gossiping
Critical thinking, setting the example, and falsifying information
The discipline of dealing with what is good and bad, with moral duty and obligation.
philosophy
work
ethics
character
Which best describes a transaction that SUBTRACTS money from your account?
Deposit
Withdrawal
Balance
Transfer
What type of card is connected to a checking account?
Credit Card
Debit Card
Both
An account balance is:
The total of the credit side of the account
The total of the debit side of the account
The difference between the total debits and total credits for an account including the beginning balance
Used to identify source documents
Examples of a debit on your bank account
ATM withdrawal
Writing a check
Direct Deposit
Getting cash back at the grocery store
Susan deposits $100 into her bank account. Where does that show up on her bank reconciliation statement?
Debits
Credits
Initial balance
In the description
Which of the following are forms of financial exchange?
Cash
Credit
personal check
Coins
Something generally accepted as a medium of exchange, a measure of value or a means of payments
Credit
Interest
Credit Scores
Money
The primary function of money is
the store of value function
the medium of exchange function.
the unit of account function
the savings function.
For which function, money is accepted as a unit of account?
Measure of value,
Medium of exchange
Standard of deferred payment
Store of value
A medium of exchange is_______
something that is generally acceptable in exchange for goods and services
a legally recognized asset that is generally accepted in exchange for goods and services.
something that circulates and provides a standardized means of evaluating the relative price of goods and services.
The ability of money to command purchasing power in the future
It is a form of unsecured debt
Credit card
Debit card
G cash
master card
If you are a borrower ....( more than one answer )
the higher the interest is the more you will have to pay for a loat
the higher the interest the less you will have to pay for a loan
the lower the interest rate is the lower you will have to pay for a loan
the lower the interest rate is the higher you will have to pay for a loan
What type of credit score is this 570?
Average
Great
Poor
Excellent
Which one of these is NOT one of the 3 main Credit Bureaus?
Equifax
Experian
FICO
TransUnion
Property owned by an individual
Liability
Asset
Property
Net Worth
The value of all assets minus the value of all liabilities.
Financial obligations
Assets
Net Worth
Property
Which of the following are benefits of good credit scores? Select all that apply
Enhance a person's ability to borrow
The borrower will get higher interest rates
Help the borrower get access to better financial deals
The Fair Labor Standards Act (FLSA) of 1938 helped workers by doing what?
Select all that apply
creating a standard minimum wage
creating overtime after working 40 hours in a week
preventing children from working in dangerous environments
If worker does not receive minimum wage, they are entitled to tips
What is a good practice when it comes to credit cards?
getting as many credit cards as possible
paying only the minimum
charging anything you want
paying the amount charged in full each month
When Bryce attempted to borrow money at the bank, he learned that his credit score is low. Which best describes what this is likely to mean for Bryce?
The interest rates on his loan will be lower, since his credit score is low.
The purchase price of the item he needs the loan for will be higher due to his low credit score.
The monthly loan payments will be lower due to his lower credit score.
The interest rates on his loan will be higher, since his credit score is low.
Payday loans take out ____ advances on your ______
cash
bank
paycheck
loan
Student loans typically have higher interest rates than auto loans because they lack
character
capacity
collateral
conditions
Credit Reports are generated by which of the following? Select all that apply
TransUnion
Banks
Experian
Equifax
Which of the following are considered assets? Select all that apply
Coin Collection
Rent
Credit Card Balance
Paid off car
