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After HS. Money Review

Total questions: 45

Worksheet time: 3hrs 42mins

Name
Class
Date
1.

Money borrowed that has to be paid back with interest

a)

Grant

b)

Loan

c)

Work Study

d)

Scholarship

2.

Money awarded to students based on achievement, does NOT have to be repaid

a)

Grant

b)

Loan

c)

Work Study

d)

Scholarship

3.

Money awarded to students that does NOT need to be repaid, often based on need

a)

Loan

b)

Grant

c)

Savings

d)

Work Study

4.

When looking at a financial aid award letter, which type(s) of aid would you have to pay BACK?

a)

Federal Pell Grant

b)

Direct Subsidized Loan

c)

Merit Scholarship

d)

Federal Work-Study

5.
Does scholarship money have to be repaid?
a)
Yes
b)
No
c)
Sometimes
6.
True or false: some scholarships require students to maintain a certain GPA.
a)
True
b)
False
7.

Which of these is a good strategy when taking out student loans?

a)

Only borrow what you actually really need to.

b)

Take out as much money as possible so that you don't have to stress about money while in school.

c)

Only borrow money from banks instead of the government.

d)

Take out a lot of loans and then declare bankruptcy so that you don't have to pay them back.

8.

It is possible to apply for hundreds of scholarships

a)

true

b)

false

9.

Lisa has a scholarship that pays for 50% of her tuition for all four years she attends college. What is the total amount the scholarship is worth if Lisa’s classes cost $12,000 per year?

a)

$6,000

b)

$24,000

c)

$12,000

d)

$10,800

10.

Which is TRUE about the FAFSA?

a)

You only need to file the FAFSA 1x in your college career

b)

Your parents must earn below a set amount for you to apply

c)

You need to file it at the start of every quarter/semester

d)

There is no cost to file the FAFSA

11.

When filing the FAFSA, you are eligible for all of the following EXCEPT:

a)

Grants and Scholarships

b)

Private Student Loans

c)

Work-Study

d)

Federal Student Loans

12.

Which is TRUE about sticker price and net price?

a)

Net price is the sticker price minus loans

b)

Sticker Price is the published cost of going to a school

c)

Net price is the sticker price minus loans

d)

Sticker price is the net price minus scholarships & grants

13.

What is a benefit of going to college and having a college degree?

a)

Lower lifetime earnings

b)

Lower interest rates on future loans

c)

Expanded professional and social netowrk

d)

Guaranteed starting salary of $50,000 after graduation

14.
How long does it typically take to earn an associates degree? 
a)
1
b)
2
c)
3
d)
4
15.

The highest college degree earned is a/an

a)

Associate degree

b)

Bachelor degree

c)

Master degree

d)

Doctorate degree

16.

A four-year degree is a/an

a)

Associate degree

b)

Bachelor degree

c)

Master degree

d)

Doctorate degree

17.

This degree is earned approximately 2 years after receiving a bachelor's degree

a)

Associate

b)

bachelor degree

c)

Master degree

d)

Doctorate degree

18.

Do all careers require a college degree?

a)

Yes. All careers require a college degree.

b)

Yes, but some degrees are easier than others.

c)

Yes, because you have to be an expert in that career.

d)

No, but most require some type of job training or test

19.
Why do people go to college?
a)
To further their education
b)
To earn more money
c)
To reach a career goal
d)
All of the above
20.

The nation is defended, or protected, by men and women serving in the armed forces.

a)

True

b)

False

21.

Which branch of the U.S. Military operates in the skies?

a)

Navy

b)

Air Force

c)

Army

22.

Ashwin buys a bat for 12 dollars and gives the cashier 15 dollars. How much change is owed to Ashwin?

a)

$1.00

b)

$2.00

c)

$3.00

d)

$4.00

23.

Zachary, a big bowling fan, wants to buy a new bowling ball. The bowling ball he likes costs 200 dollars. He only has two 50 dollar bills. How much more money does he need to buy the bowling ball?

a)

$50.00

b)

$60.00

c)

$80.00

d)

$100.00

24.
Dana went to the donut shop and bought a chunky chocolatey donut. If she paid with 2 one-dollar bills, how much change will she get back?
a)
$1.39
b)
$3.39
c)
$0.71
d)
$0.61
25.

Marla is buying hair spray to do her hair. She has $10.75. She buys hair spray for $7.50. How much money will she get back?

a)

$3.25

b)

$3.00

c)

$4.10

26.

$15.00 - $9.50 =

a)

$4.75

b)

$5.50

c)

$6.70

27.
You are purchasing a T.V for $990 T.V with 9% sales tax. What is the final price of the T.V.?
a)
$ 1881.00
b)
$ 1079.00
c)
$ 1,079.10
d)
$ 1,709.1
28.
Sales tax is __________ to the price
a)
subtracted
b)
added
c)
multiplied
d)
divided
29.
Bill:  $25
Percentage of tip:  20%
Tip????
a)
$6.00
b)
$5.00
c)
$2.50
d)
$4.00
30.
Change 32% into a decimal.
a)
32
b)
3.2
c)
.32
d)
.032
31.
Regular price: $174. Discount: 40%. Find the sale price. Round to nearest cent if necessary.
a)
$104.40
b)
$140.40
c)
104.4
d)
69.6
32.
How much would the tip be if you left 18% on a $75.45 steak dinner?
a)
$ 13.58
b)
$ 89.03
c)
$ 61.87
d)
$135.80
33.

Cole needs to buy a new pair of sneakers for $49.56. If the sales tax is 6.5%, how much sales tax will Cole pay on his new sneakers?

a)

$3.22

b)

$32.21

c)

$52.78

d)

$322.14

34.
Convert 18 months to years. 
a)
18 Years
b)
1.5 Years
c)
.18 Years
d)
You cannot change it to years.
35.

Dinner at the Olive Garden cost $52.37. You leave a 20% tip. What is the total cost?

a)

$72.37

b)

$10.47

c)

$62.84

d)

$41.90

36.

When you find a final price with tax ......

a)

multiply and add

b)

multiply and subtract

c)

divide and add

d)

divide and subtract

37.

When you find a discount you ......

a)

multiply and add

b)

multiply and subtract

c)

divide and add

d)

divide and subtract

38.

200 children attended the school play. Of the total attendance, 40% were boys. How many boys attended the school play?

a)

800

b)

240

c)

40

d)

80

39.
Juan bought a video game for $59.99 and the sales tax rate was 8.3%. What is the total price of the video game? 
a)
$62.87
b)
$64.97
c)
$55.01
40.
A computer is priced at $455.99 and you want to buy it with a 30% coupon. What is the total? 
a)
$321.55
b)
$319.19
c)
$317.88
41.

Kevin is taking Gina out for dinner.  He has exactly $35 to spend on dinner.  To impress Gina, he wants to leave a 20% tip to show how generous he can be.  What is the most he can possibly spend on dinner and still leave the tip he desires to leave?

a)

The most he can spend on dinner is $29.16

b)

The most he can spend on dinner is $175

c)

The most he can spend on dinner is $34.31

42.

How many total people wore yellow?

a)

30

b)

22

c)

40

d)

62

43.

Which age group liked Action movies the least?

a)

18-25

b)

25-49

c)

50+

d)

238

44.

What percentage wear sandals

a)

16/22

b)

20/36

c)

10/18

d)

20/16

45.

According to this table, how many males walk to work?

a)

80

b)

221

c)

34

d)

141

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