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