PCH PF Unit1 Question Preview (ID: 20357)


PCH Unit 1 Review. TEACHERS: click here for quick copy question ID numbers.

If the demand for pilots increases; how will this affect the supply of unemployed pilots?
a) There will be an increase in the supply of unemployed pilots
b) There will be a decrease in supply of unemployed pilots
c) There qill be no change the the supply of unemployed pilots
d) Sales of planes will decrease

Outlines your skills and qualifications
a) Cover letter
b) Resume
c) Thank you note
d) Interview

A benefit, profit, or value of something that must be given up to acquire or achieve something else is called
a) Trade Off
b) Exchange
c) Choice
d) Opportunity Cost

Explains why you want the job
a) Cover letter
b) Resume
c) Thank you note
d) Interview

What happens to the value of a dollar during inflation?
a) Goes up
b) Goes down
c) Stays the same
d)

The initial amount of money you borrow or save.
a) Interest
b) Principle
c) Cash
d) Credit

A sophomore planning to graduate college is an example of a
a) Short-term goal
b) Intermediate Goal
c) Long-term goal
d)

Passing Personal Finance is an example of a
a) Short-term goal
b) Intermediate goal
c) Long-term goal
d) GPA

The proportion of a loan that is charged to the borrower, typically expressed as an annual percentage rate.
a) Charge
b) Prinicple
c) Interest
d) Loan

The ability to convert assets to cash without loss of value
a) Liquidity
b) Savings
c) Interest
d) Spending

Choose the account that is the most liquid
a) Real Estate
b) Certificate of Deposit (CD)
c) Savings Account
d) Stock

What is example of a service?
a) Groceries
b) Haircut
c) Clothing
d) Shoes

What is an example of a good
a) Mow Lawn
b) Babysit
c) Clothing
d) Education

Who is the Federal Reserve System (The FED)?
a) The central bank for the US
b) US law enforcement
c) Federal Food Reserve
d) US Congress

What is missing from this SMART Goal? I want to save $500 for a car
a) Specific
b) Attainable
c) Realistic
d) Timely

What does the M stand for in SMART Goal?
a) Meaningful
b) Measurable
c) Marketable
d) Manageable

What does the S stand for in SMART Goal
a) Smart
b) Select
c) Specific
d) Special

What is an example of a consumable good?
a) Car
b) House
c) Food
d) Education

What is an example of a durable good?
a) Car
b) Family
c) Food
d) Education

What is an example of a intangible good?
a) Car
b) House
c) Food
d) Education

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