The abbreviation “incl. all” means1

Heat, electric, and water are included

Written promise specifying stands of performance

In financial terms, the term “principal” refers to:

The amount of money initially borrowed

The total amount of money you earned

Somethng of value pledged to a creditor as security 4 a loan

You are sitting at the table of a five-star restaurant. Which is your bread plate?

The plate in the upper left-hand corner

Federal insurance contribution act

When moving into a new apartment without a real estate agent, you’ll need to pay your landlord

First months rent plus security deposit

If you shop when you are hungry, you are more likely to?

buy items that look good but that you don’t really need

The amount of money you take home

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ILS Final Exam Review

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Questions 30

Answers

1
The abbreviation “incl. all” means1
only water is included
only heat is included
Heat, electric, and water are included
2
Creditors are more likely to extend credit to individuals who have a good...
FICO score
Cash flow
Consumer rating
Consumer spending index
3
A consumer can bank 24 hours a day at:
A savings and loans bank
A credit union
An automated teller machine
A commercial bank
4
A warranty
Warning that defects and flaws may appear
Written promise specifying stands of performance
A guarantee of high quality and fair pricing
An advertising trick
5
The UPC on the back of a product is....
Usually makes checkout more accurate
Stands for Universal Product Code
All of the above
Can be read by a computer, which records the sale
6
In financial terms, the term “principal” refers to:
The amount of money you pay monthly
School administrator
The amount of money initially borrowed
The amount of money you receive for having a bank account
7
Social Security taxes are often listed on a pay stub as
FAFSA
FEMA
SDI
FICA
8
All of these are advantages of living on campus EXCEPT:
It’s convenient
Limits study time
It increases independence
Increases social life
9
Gross Pay
The sum of all your deductions
Another name for FICA
The amount of money you take home
The total amount of money you earned
10
If you use your debit card to make a purchase, the purchase amount will be subtracted from:
Your savings and checking account
Your savings account only
Your mutual fund
Your checking account only
11
An apartment lease is a legal docuent that specifies rights and responsibilities of
Tenant, real estate agent, and property owner
Tenant
Property
Tenant and property owner
12
Which of the following is NOT found on a nutrition label?
List of ingredients
calories per serving
Cost per serving
Serving size
13
When considering a school, which of the following should be considered
All of the above
Reputation
Faculty
Cost/financial aid
14
Collateral is:
The amount of money you lose when you claim bankruptcy
Somethng of value pledged to a creditor as security 4 a loan
another term for a larger, long-term purchase
The amount a consumer pays for a long term loan
15
You are sitting at the table of a five-star restaurant. Which is your bread plate?
The hostess will place it on top of the charger plate
The plate in the upper right-hand corner
The plate in the upper left-hand corner
The plate closest to you
16
FICA stands for?
Federal insurance contribution act
Financial insurance contribution act
Financial investment career assoc
Federal insurance career act
17
When moving into a new apartment without a real estate agent, you’ll need to pay your landlord
The first month’s rent
Nothing, rent is due the first of the following month
First months rent plus security deposit
Three months rent
18
Money is a resource that is
Community
Human
Cooperative
Nonhuman
19
If you shop when you are hungry, you are more likely to?
buy high-protein, high-carbohydrate foods instead of fruits
buy a greater quantity of less expensive foods
buy certain products
buy items that look good but that you don’t really need
20
What is the safest type of cookware for the microwave
china plates with gold decorative rim
metal pans
heat-resistant glass bowls
thermos
21
If a check “bounces”, the check writer will usually be fined by
Both of these
The business to whom the check is written
Neither of these
The financial institution
22
Writing your own term paper instead of buying one the Internet is an example of a(n) ________
Cultural norm
Universal standar
Ethical choice
Character flaw
23
I need to thaw food for a meal for tomorrow evening, how do I defrost it safely
Leave it on the counter to defrost
Place in the refrigerator
Place it in a bowl filled with cold water in the sink
Microwave now on the defrost setting
24
Net pay is
Another name for FICA
The total amount of money you earned
The amount of money you take home
The sum of all your deductions
25
The maximum amount you can charge on a credit card is called the:
Credit ratio
Capacity
Credit limit
Collateral for the card
26
What type of school usually requires SAT exam?
Colleges
Most colleges and universties
Junior college
Universities
27
Bacteria grow fastest in foods that are between
120-160 degrees Fahrenheit
50-100 degrees Fahrenheit
40-140 degrees Fahrenheit
20 and 45 degrees Fahrenheit
28
The abbreviation “WD” stands for
White door
With driveway
Walk-down (it’s a basement apartment)
Washer/dryer
29
People you have connected with that can help you find a job in the future are part of your ...
Working group
Job circle
Network
Career web
30
Which is not a kind of carbohydrate?
Fiber
Sugar
Amino acids
Starches

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