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DS: Semester Exam
Test Description: This is the review guide for Fall 2019
Instructions: Answer all questions to get your test result.
1) What is a budget?
A
something we will never use
B
an industry that handles financial transactions
C
an estimate of our income and how we plan to use it
D
the trust that you will pay back what you owe
2) What is something you look for when choosing a credit card?
A
return rates
B
online savings
C
APR
D
Savings
3) what is a need?
A
an amount that has to be paid
B
estimate of monetary worth
C
a desire for something
D
something to survive
4) what is a want?
A
estimate of monetary worth
B
desire for something
C
something needed for survival
D
an amount that has to be paid
5) what is rent?
A
purchase goods or services on credit
B
a person who occupies land or property
C
the act, state, or right of possessing something
D
a tentants regular payment to a landlord for the use of property or land
6) MSRP stands for?
A
mandated sale risk procedure
B
minimum standard remote payment
C
Manufactures suggested retail price
D
most sailent responsible pledge
7) when must taxpayers complete and submit tax return forms?
A
april 15th
B
march 15th
C
april 1st
D
march 1st
8) How many types of 1040 Tax forms are there?
A
1
B
2
C
4
D
3
9) what is saving?
A
stupid
B
giving to others
C
putting money away for a purpose
D
something no one does
10) what is investing?
A
something only rich people do
B
idk
C
loaning your money to a company, who in turn pays you more when you take it back, if they do well
D
putting aside money for a purpose
11) what is a blue collar job?
A
work in an office
B
whatever pays the bills
C
work with your hands
D
what isn't
12) what is a white collar job?
A
what isn't
B
whatever pays the bills
C
work in an office
D
work with your hands
*select an answer for all questions
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