Income And Money Question Preview (ID: 59350)


Unit 2 Lesson 3. TEACHERS: click here for quick copy question ID numbers.

What is considered a responsible use of money?
a) Buying a new car
b) Signing a lease
c) Getting a promotion
d) Living within your means

What is considered an irresponsible use of money?
a) spending exceeds income
b) buying a new washer/dryer
c) paying for 3 streaming services
d) taking out student loans to pay for college

What is a passive form of income
a) salary
b) wage
c) interest paid on savings or investments
d) A and B

Tips are most similar to
a) Wage
b) Salary
c) Commission
d) Interest

Which is a fixed paid amount per period for a time spent working?
a) Wage
b) Salary
c) Tips
d) Interest

____________ are paid by corporate entities based on investment in stocks.
a) Interest
b) Investments
c) Dividends
d) Tips

APR stands for ____________________.
a) Actual Price Rate
b) Annual Price Recorded
c) Annual Percentage Rate
d) Annual Pay Raise

Borrowing more than you can pay back.
a) Credit
b) Debt
c) Overborrowing
d) Living within your means

Which is not one of the credit bureaus?
a) American
b) Equifax
c) TransUnion
d) Experian

This score can range from 300-850.
a) CCAR
b) FICO
c) STRA
d) CLIA

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