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Consumer Math Unit 4 Assessment

Total questions: 33

Worksheet time: 1hrs 6mins

Name
Class
Date
1.

The graph of the function for the amount of water in gallons, D, in a tank at time, t, is shown. What statement is true?



a)

The water is draining out because the line is decreasing.

b)

The water is draining out because the line is increasing.

c)

The water is filling up because the line is decreasing.

d)

The water is filling up because the line is increasing.

2.

Noah is depositing money in his account every week to save money (shown in the graph). The amount of money in Elena's account is  M=4w+80M=4w+80  , where  ww  is the number of weeks since the account was opened and  MM  is the amount of money saved.


Who started out with more money in their account?

a)

Noah because $80 is more than $60.

b)

Elena because $80 is more than $60.

c)

Noah because $4 is more than $2

d)

Elena because $4 is more than $2

3.

In a certain city in France, they gain 2 minutes of daylight each day after the spring equinox, but after the autumn equinox they lose 2 minutes of daylight each day.

Which of the graphs is most likely to represent the graph of daylight for the month after the spring equinox?

a)
b)
c)
d)
4.

What is the role of a bank in the financial system?

a)

The role of a bank in the financial system is to facilitate the flow of funds between savers and borrowers, provide a safe place for depositors to store their money, and offer financial services such as loans, mortgages, and investment products.

b)

The role of a bank in the financial system is to regulate the stock market and set interest rates

c)

The role of a bank in the financial system is to provide healthcare services to customers

d)

The role of a bank in the financial system is to manufacture and sell consumer goods

5.

What are the different types of financial services offered by banks?

a)

Grocery delivery, travel booking, home repair services, pet grooming

b)

Car rentals, mortgage services, insurance, currency exchange

c)

Legal advice, medical services, educational courses, fitness training

d)

Savings accounts, checking accounts, loans, credit cards, investment services, and financial planning

6.

What are the risks associated with banking and how are they managed?

a)

The risks associated with banking are managed by relying solely on luck and chance

b)

The risks associated with banking are managed by randomly selecting investments without any assessment

c)

The risks associated with banking are managed by ignoring them and hoping for the best

d)

The risks associated with banking are managed through methods such as diversification of assets, risk assessment and monitoring, setting up risk management committees, and maintaining adequate capital reserves.

7.

1. Nathalia is shopping for a bank. She does not write checks or use the ATM. She pays for lunch with her debit card 25 times each month. Which bank is a better deal for Nathalia?

a)

Tex-Bank bank is the better deal for Nathalia because the fees for this bank is $3.50 per month

b)

Nation-Bank bank is the better deal for Nathalia because the fees for this bank are $2.75.

c)

Tex-Bank bank is the better deal for Nathalia because the fees for this bank is $12.25 per month

d)

Nation-Bank bank is the better deal for Nathalia because the fees for this bank are $20.754.

8.

What is an overdraft fee?

a)

A fee charged by a bank for depositing money into an account.

b)

A charge imposed by a bank for closing an account.

c)

A charge imposed by a bank when a customer withdraws more money from their account than is available.

d)

A penalty for not using a bank account for a certain period of time.

9.

What is a minimum balance fee?

a)

A minimum balance fee is a charge imposed by a bank or financial institution when an account holder exceeds the required minimum balance in their account.

b)

A minimum balance fee is a charge imposed by a bank or financial institution when an account holder fails to maintain the required minimum balance in their account.

c)

A minimum balance fee is a charge imposed by a bank or financial institution when an account holder withdraws money from their account.

d)

A minimum balance fee is a charge imposed by a bank or financial institution when an account holder deposits money into their account.

10.

If you write a check for $100 but you only have $50 in your account...

a)

no one will care until the check comes to the bank

b)

you have just overdrafted your account

c)

you need to make a deposit before the check comes to the bank

d)

all of the above

11.

How do you see the shapes changing?

a)

The shapes are rotating.

b)

There are three new circles in each figure

c)

One circle is being added to each arm in each figure

d)

The shape is getting bigger as the figure numbers increase.

12.

How many matchsticks are added in each step?

a)

6

b)

5

c)

3

d)

4

13.

Look at the table to answer the question below:


Why is $17.50 NOT the beginning charge for this cell phone?

a)

The beginning amount is not $17.50 because the beginning amount would be the total charge at 0 minutes.

b)

The beginning amount actually IS $17.50 because that's the first number in the table.

c)

The beginning amount would be $0.00 because all things cost $0.00 at the beginning.

d)

The beginning amount is 20, not $17.50.

14.

Look at the table to answer the question below:


Which equation could be used to predict the height (y) after any number of days (x)?

a)

y = 3x + 5

b)

y = 5x + 3

c)

y = 3x + 17

d)

y = 3 + 5

15.

Look at the table to answer the question below:


Which graph could possibly model the linear pattern shown in the table?

a)
b)
c)
d)
16.

Look at the table to answer the question below:


If the growth rate continues in the same linear pattern, what would be the best prediction for the height after 8 days?

a)

1 cm

b)

24 cm

c)

29 cm

d)

34 cm

17.

What is the slope of the line with the equation
y = 32x + 4y\ =\ -\frac{3}{2}x\ +\ 4  

a)

32-\frac{3}{2}  

b)

32\frac{3}{2}  

c)

44  

d)

4-4  

18.
Write the equation of the line.
a)
y = -1/3x - 2
b)
y = 1/3x - 2
c)
y = 3x - 2
d)
y = -3x - 2
19.

What is the y-intercept of the line with the equation
y = 2x + 4y\ =\ -2x\ +\ 4  

a)

2-2  

b)

22  

c)

44  

d)

4-4  

20.

What is the equation of a line with a slope of 2 and a y-intercept of -5?

a)

y = 5x - 2

b)

y = 2x - 5

c)

y = -2x - 5

d)

y = 2x + 5

21.
Write the equation of the line.
a)
y = -2/3x + 4
b)
y = 2/3x + 4
c)
y = 3/2x + 4
d)
y = -3/2x + 4
22.
Write a equation:  A plumber charges $50 for a house call plus $12 per hour for labor.
a)
y = 50 x + 12
b)
y =12 x + 50
c)
y = 62 x
d)
x = 50 + 12y
23.
Which equation best represents the relationship between x and y in the table shown?
a)
y= 5x+5
b)
y=1/5x+5
c)
y=15x+5
d)
y=10x+5
24.
What is the y-intercept of the line graphed below?
a)
3
3
b)
4
c)
-3
d)
4/3
25.
Sandra has a $20 itunes gift card and spends $3 each month.  Which equation can be used to find how much money Sandra has on her giftcard after x months?
a)
y = 3x + 20
b)
y = 3 + 20x
c)
y = -3x + 20
d)
y = -20x + 3
26.
Which is the graph of y= -x + 2?
a)
A
b)
B
c)
C
d)
D
27.
All of these are tips to be safe with online banking EXCEPT...
a)
Use strong passwords and different ones for each account
b)
Don’t use any part of your Social Security number as a password
c)
Keep your browser and computer or mobile device up to date
d)
Make sure you carry a written password as a backup
28.
Each of the following is a convenience of online banking EXCEPT…
a)
Avoid the service charge associated with doing your banking in person at a bank branch
b)
Set up automatic alerts for low balances, suspicious activity, etc
c)
Transfer money between your checking and savings accounts
d)
Monitor your account balances to try to avoid overspending or overdrawing
29.
What do you need to do get set up to use online bill pay?
a)
Gather all of your bills and account numbers
b)
Enter the biller's information into the bank's online bill pay platform
c)
Decide how much you are planning to pay and set a date for the payment
d)
All of the above
30.

What type of correlation does this graph have?

a)

positive

b)

negative

c)

none

d)

all of the above

31.
As the age of the car increases, its value decreases. Which scatterplot represents this relationship?
a)
A
b)
B
c)
C
d)
D
32.
a)
440 turtles
b)
40 turtles
c)
150 turtles
d)
90 turtles
33.

What is a line of best fit (trend line) used for?

a)

To make predictions

b)

To make the graph look pretty

c)

To connect the points

d)

To make it look like you know what you are doing