When Nina works more hours, she earns more income

She had to pay interest on the money that she borrowed

Marcia has more specialized skills than Ben

He does not have enough to pay rent

The size of the police officer's family

Increase, because there are fewer peaches available to buy

It will always give you the money to buy what you want

Material to fix a hole in the roof

She expected Claire to pay it all back, plus more

Planned spending can help you reach a goal

Ben has the least training and work skills

It may sell for less than $15 because they made more of them

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Financial Literacy Test Review

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Questions 26

Answers

1
Question 2
When Nina works fewer hours, she earns more income
When Nina works more hours, she does less labor
When Nina works more hours, she earns more income
When Nina works fewer hours, she does more labor
2
Question 25
$22
$12
$35
$3
3
Question 19
Colossus
Superhero
Gigantor
Titan
4
Question 22
$9
$6
$33
$23
5
Question 13
To replace a broken item
To go on vacation
To reach a goal
To help others
6
Question 15
Auto Mechanic
Clerk
Teacher
Surgeon
7
Question 20
Borrower
Borrowing
Saver
Saving
8
Question 5
She had to pay interest on the money that she borrowed
She had to pay sales tax on the money that she borrowed
She actually needed more than $6,000 for the repairs
She made a mistake when calculating how much to pay back
9
Question 17
$12
$70
$20
$60
10
Question 11
Cereal
Gasoline
Sports T-Shirt
Sneakers
11
Question 21
Ship
Train
Plane
Car
12
Question 1
Marcia may become a nurse
Ben has more specialized skills than Marcia
Ben and Marcia may do the same job
Marcia has more specialized skills than Ben
13
Question 10
Using credit will not cost him any extra money
He needs the coat right away
He could buy the coat on credit
He does not have enough to pay rent
14
Question 16
The special skills that the police officer has
The size of the police officer's family
The number of years the police officer has worked
The level of education that the police officer has
15
Question 9
$30
$13
$2
$45
16
Question 18
Increase, because there are fewer peaches available to buy
Decrease, because there are more peaches available to buy
Increase, because there are more peaches available to buy
Decrease, because there are fewer peaches available to buy
17
Question 12
It will always give you the money to buy what you want
It can help you save money for education
It will help you decide when you can buy an item
It can help you pay for unexpected expenses
18
Question 14
$56
$7
$6
$64
19
Question 24
A light bulb for a lamp
A new basketball
Material to fix a hole in the roof
Food for a holiday meal
20
Question 4
She expected Claire to only pay back what she borrowed
She expected Clair to only pay back part of the money
She expected Claire to not pay any of it back
She expected Claire to pay it all back, plus more
21
Question 7
Planned spending means you can't purchase what you want
Planned spending can help you reach a goal
Unplanned spending is always a good decision
Unplanned spending always helps you reach a goal
22
Question 21
Russ had no additional training past high school
Ben has the least training and work skills
Bradley went to medical school
Bradley has the least training and work skills
23
Question 3
It will sell for $20 because it is a scarce resource
It may sell for less than $15 because they made more of them
It may sell for more than $15 because they made more of them
It will sell for $15 because it is a scarce resource
24
Question 8
Save $14 each week for 4 weeks
Save $10 each week for 7 weeks
Save $7 each week for 6 weeks
Save $5 each week for 11 weeks
25
Question 23
12 Weeks
6 Weeks
9 Weeks
3 Weeks
26
Question 6
6 weeks
3 weeks
4 weeks
5 weeks

Financial Literacy Test Review Flashcards | StudBud