WorksheetsSemester Review
Total questions: 36
Worksheet time: 1hrs 12mins
What does BBB stand for?
When looking at advertising "sponsored" reviews are the most reliable.
True
False
When looking at advertising "purchase" reviews are the most reliable.
True
False
What is One way a consumer can avoid impulse buying?
Conduct Pre-Purchase research
Which organization is known for providing consumer protection and business accreditation?
Federal Trade Commission
Better Business Bureau
Consumer Protection Agency
National Consumer League
This is an example of a _________
Need
Want
Water is an example of a _________
Need
Want
What is Behavioral Economics?
What is a budget?
Which of the following is an example of a 'want' rather than a 'need'?
Food
Water
Luxury car
Shelter
3. A person who purchases goods and services for personal use
consumer
personal finance
annuity
value
When creating a formula in a spreadsheet application the first thing you must do is hit the = (equal) sign
True
False
When you complete a formula in a spreadsheet application the last thing
is to hit the "enter" key to tell the program to complete the formula.
True
False
If you type a ( + ) in a spreadsheet formula it will______the cells you have specified
Multiply
Divide
Subtract
Add
If you type a ( / ) in a spreadsheet formula it will______the cells you have specified
Multiply
Divide
Subtract
Add
If you type a ( * ) in a spreadsheet formula it will______the cells you have specified
Multiply
Divide
Subtract
Add
If you type a ( - ) in a spreadsheet formula it will______the cells you have specified
Multiply
Divide
Subtract
Add
What is the difference between a bank and a credit union?
When you are deciding what to buy, you should not...
compare the unit price of similar items.
read reviews from unbiased sources.
assume that buying the cheapest item is the smartest choice.
wait for sales to get the best price.
What is the purpose of setting financial goals?
To make sure you spend all your money
To guide your saving and spending to achieve your desired outcomes
To impress others with how much money you have
To calculate your taxes
What is a Bank Reconciliation?
A bank reconciliation is balancing your financial records with the bank statements.
What is a withdrawal from a checking account?
What is a deposit?
What is an endorsement on a check?
An endorsement is a legal document
What is a check?
A written order to a bank to pay the amount stated to the person or business named on it.
A type of savings account.
A loan from the bank.
A credit card transaction.
Why do many banks no longer send paper checks to other banks for processing?
To make processing faster and more efficient
To reduce the number of checks processed
To increase the use of paper checks
To avoid electronic transactions
What must you maintain in your account to cover all the checks you write?
A) A minimum balance
B) Enough money
C) A credit line
D) A savings account
Which of the following is an advantage of having a checking account?
High interest rates
Convenience
Limited access to funds
No record keeping
Where on a check would you find the written amount in words?
Numeric Amount
Memo
Payee
Written Amount
Where is the payee's name written on a check?
In the memo line
Next to the written amount
In the "Pay to the Order of" line
Next to the signature
Where is the signature of the person writing the check located?
Next to the date
Below the written amount
At the bottom right corner
Next to the payee's name
This is an example of a (a) Endorsement (the answer does not use caps)
For Deposit Only
Tony Tiger
How do you sign a check over to a third party?
What is the 50/30/20 rule?
