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CE.12-14 Test Review #2
Test Description: CE.12-14 Test Review #2
Instructions: Answer all questions to get your test result.
1) Which of the following is true of interstate highways and national defense?
A
Provide benefits to many people
B
Earn money for the government
C
Owned by private companies
D
Offer protection to citizens
2) Colin and Isaac graduated from high school the same year.Isaac went to college,and Colin entered the workforce right out of high school.In the future,Isaac is more likely to
A
complete a self-assessment
B
quit his job
C
buying a car
D
earn a higher salary
3) Which government agency would most likely protect the American consumer?
A
Federal Military Commision
B
Federal Trade Commission
C
Environmental Protection Agencg
D
Federal Communications Commission
4) One goal of the Federal Reserve is to
A
ensure the stability of the banking system
B
increase income taxes
C
keep inflation high
D
increase value of other currencies
5) Which solution will have the biggest impact if a consumer's rights have been violated?
A
Boycott the company
B
Write a complaint letter
C
take legal action
D
Interview for the newspaper
6) The monetary system in the United States is successful because of
A
the supply and demand for the United States dollar overseas
B
the stock market's prices on shares of corporations
C
the confidence of the consumer in the U.S. economy
D
the ability of businesses to issue money
7) What is the main job of the Federal Reserve?
A
Regulate spending
B
Maintain the value of the dollar
C
Regulate business
D
Regulate taxes
8) When the government lowers taxes
A
national resources are depleted
B
international trade decreases
C
consumers have more money to spend
D
national wealth decreases
9) What is the best title for a list that includes strong work ethic, computer literacy, and positive attitude?
A
Outdated skills due to technological advancements
B
Personal training courses offered by the Federal government
C
Characteristics that employers seek
D
National requirements for all jobs
10) All of the following generally influence income EXCEPT
A
Supply and Demand
B
Skill level
C
Government regulations
D
Education level
11) The American government issues money to
A
enable the exchange of goods and services
B
become a self-sufficient nation
C
compete against member of the European Union
D
enable all citizens to be financially equal
12) Maria just graduated from high school. What is the first thing that Maria should do if she wants to begin the process of planning her career?
A
apply for as many jobs as she can find
B
complete some type of self-assessment
C
take classes at a local community college
D
find people willing to give her a positive recommendation
13) What is the best example of long-term financial planning?
A
Credit Cards
B
Investments
C
Demonstrating a strong work ethic
D
Paying for emergencies
*select an answer for all questions
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