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Income And Money
Test Description: Unit 2 Lesson 3
Instructions: Answer all questions to get your test result.
1) What is considered a responsible use of money?
A
Signing a lease
B
Buying a new car
C
Living within your means
D
Getting a promotion
2) What is considered an irresponsible use of money?
A
taking out student loans to pay for college
B
spending exceeds income
C
paying for 3 streaming services
D
buying a new washer/dryer
3) What is a passive form of income
A
A and B
B
wage
C
salary
D
interest paid on savings or investments
4) Tips are most similar to
A
Salary
B
Interest
C
Wage
D
Commission
5) Which is a fixed paid amount per period for a time spent working?
A
Salary
B
Wage
C
Interest
D
Tips
6) ____________ are paid by corporate entities based on investment in stocks.
A
Interest
B
Investments
C
Dividends
D
Tips
7) APR stands for ____________________.
A
Annual Percentage Rate
B
Annual Pay Raise
C
Annual Price Recorded
D
Actual Price Rate
8) Borrowing more than you can pay back.
A
Debt
B
Living within your means
C
Credit
D
Overborrowing
9) Which is not one of the credit bureaus?
A
Experian
B
American
C
TransUnion
D
Equifax
10) This score can range from 300-850.
A
CLIA
B
CCAR
C
STRA
D
FICO
*select an answer for all questions
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