WorksheetsFinancial Math Final Review Stown
Total questions: 25
Worksheet time: 13mins
What is the average price of a home in Parker County?
$250,000-$265,000
$465,000-$475,000
$400,000-$415,000
$300,000-$315,000
Checks are safer to use than a debit card.
True
False
All of the following are examples of P2P payment services EXCEPT:
Zelle
PayPal
Venmo
Checking Account
This allows you to keep your money at the bank and can have a debit card tied to it.
ATM
Credit Card
Checking Account
Safe Deposit Box
This is the median (average) age of a first-time homebuyer in the U.S
33
21
40
27
Texas uses the same 5 contracts across the state for real estate transactions.
True
False
What is the purpose of a budget?
To show you the purchases you've made with your debit card
To help you keep track of your spending so you have money left at the end of the month
To allow you to make purchases you don’t have the money for
To help build your credit
A prepaid card is attached to your checking account.
True
False
How long do most leases give you to move out once you’ve been evicted?
6 months
2 months
One Week (7 days)
30 days
Which of the following is an example of a Premium?
The amount insurance will cover
The amount you pay per month
The amount you must pay before insurance covers the entire cost
The best insurance plan available
Texas has a state tax.
True
False
Which tax is paid on investments?
Federal Withholding
State Tax
Property Tax
Capital Gains
This protects your money, up to $250,000
FDIC Insurance
Safe Deposit Box
Checkbook
The Security Guard at the Bank
All of the following are expenses related to purchasing a home EXCEPT:
Home Inspection
Survey
Down Payment
Pet Deposit
A debit card works like a loan you have to pay back. You are basically borrowing money and will receive a bill at the end of the month.
True
False
This is when people make a bad financial decision based on personal beliefs or prejudice
Confirmation Bias
Cognitive Bias
Restraint Bias
Hindsight Bias
This is the cost of a loan (the amount a bank charges for you to borrow money)
Down Payment
Interest Rate
Tax Rate
Closing Costs
This tax is also known as the "Death Tax"
Property Tax
Estate Tax
Gift Tax
Sales Tax
What percentage of people make decisions based on FOMO?
60%
35%
50%
40%
Validating Information with a mathematical formula is known as what?
Equating
Mining
Processing
Solving
This means the interest rate will not change based on certain factors
Variable-Rate
Fixed-Rate
Prime-Rate
Index-Rate
Which of the following is an example of an Installment Loan?
Regular payments are made for a specific amount of time
Open line of credit with payments that change, based on how much the debt is
Debt that can only be used for education expenses
A loan that remains open, even when it has been paid off
Which of the following is a sign of Cognitive Bias?
Blaming other people’s success on luck
Blaming others if things don’t go your way
Seeking out only people and news that agree with your viewpoint
All of the Above
What type of money is backed by the government?
Commodity
Fiat
Fiduciary
Commercial
Which of the following is NOT TRUE when leasing a car?
You must pay for repairs yourself
You have to make monthly payments
You must have insurance on the car
The payments are typically less expensive than when you purchase a car
