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