Financial Literacy Question Preview (ID: 58732)
Financial Literacy.
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A reasonable plan for donating would be...
a) donate whole paycheck without thinking about bills
b) not donating
c) pay bills, put some in savings, give the rest as a donation
d) give half of paycheck as a donation and worry about bills next month
What would be a good plan to save for a college fund?
a) Put $20 a week into a savings account until you are out of high school
b) go out to eat every night
c) buy a Nintendo switch
d) just don't go to college
If you want to buy a TV that costs $299 but you only have $50 in savings, what could you do to buy the TV?
a) Spend all the money you have
b) Save your birthday money and maybe get a job
c) Tell the store to just give you the TV
d) Never have a TV
If you don't have a Nintendo Switch but you want one, what would be a reasonable decision you could make about purchasing one?
a) Pay for it when you save enough cash
b) Write a check even though you don't have enough money
c) Use a debit card since it doesn't matter if you have any money in the bank or not
d) Use a credit card because you won't have to pay it back
Why would using a credit card NOT be a good idea?
a) most places don't accept credit cards
b) you can use your mom's money whenever you want
c) the credit card company is too far
d) you would eventually have to pay the money back, plus interest
If Mrs. Skipper's strawberry farm lost several crops of strawberries from a fire. What effect would the destroyed strawberries have on the price they will be sold for?
a) The price will decrease because the strawberries are scarce.
b) The price will increase because the strawberries are scarce.
c) The price will stay the same because there will be more strawberries available.
d) The price will decrease because they won't taste good.
If you use a credit card to make a purchase. What is the most likely reason your credit card balance is more than the cost of your purchase?
a) You have to pay interest to the money you charged.
b) The credit card company made a mistake.
c) The price went up after you made your purchase
d) You need to make more purchases so they went ahead and charged you for them.
Why would it be best to buy fruit that is in season?
a) The price is usually less because people don't want it.
b) The price is less because the fruit will spoil quickly.
c) The price is low because more fruit is available.
d) None of the above
Out of the following, who would be most likely to get the best job?
a) Someone with the most years of experience/training
b) Someone that applies first
c) Someone with the fewest years of experience/training.
d) A man, because the company may only hire men.
If you have more years of experience than someone else, you will....
a) get paid less than them.
b) get paid more than them.
c) not get the job
d) get paid the same as them.
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