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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
an estimate of our income and how we plan to use it
B
something we will never use
C
the trust that you will pay back what you owe
D
an industry that handles financial transactions
2) What is something you look for when choosing a credit card?
A
APR
B
return rates
C
online savings
D
Savings
3) what is a need?
A
an amount that has to be paid
B
a desire for something
C
estimate of monetary worth
D
something to survive
4) what is a want?
A
something needed for survival
B
desire for something
C
an amount that has to be paid
D
estimate of monetary worth
5) what is rent?
A
a person who occupies land or property
B
purchase goods or services on credit
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
most sailent responsible pledge
B
minimum standard remote payment
C
Manufactures suggested retail price
D
mandated sale risk procedure
7) when must taxpayers complete and submit tax return forms?
A
march 15th
B
april 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
putting money away for a purpose
B
stupid
C
giving to others
D
something no one does
10) what is investing?
A
loaning your money to a company, who in turn pays you more when you take it back, if they do well
B
idk
C
putting aside money for a purpose
D
something only rich people do
11) what is a blue collar job?
A
whatever pays the bills
B
what isn't
C
work with your hands
D
work in an office
12) what is a white collar job?
A
work in an office
B
work with your hands
C
what isn't
D
whatever pays the bills
*select an answer for all questions
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