stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Banzai Post Test Flashcards | StudBud
Explore
/
Banzai Post Test
Banzai Post Test
28 terms
·
StudBud Administration
·
109 plays
Financial Literacy
Flashcards
28 cards
F
Practice quiz
P
Host live
L
Questions
28
Answers
1
All employers pay their workers on a monthly pay schedule.
True
False
2
A government program that provides medical services to Americans after they retire
Net Pay
Social Security
Medicare
Gross Pay
3
Can be used almost everywhere, and can keep you from overspending, but cannot be replaced if lost
Interest
Cash
Credit Card
Debit Card
4
How you drive your car, and how well you maintain it, have no impact on car expenses.
True
False
5
The full amount of your salary or wages for the pay period
Net Pay
Gross Pay
Social Security
Medicare
6
Your credit rating is
NOT
important when you are renting an apartment.
False
True
7
______________ lets your employer place your paycheck directly into your bank account.
paycheck post
direct deposit
automatic paycheck
quick deposit
8
__________ is an especially bad beverage choice.
soda
tea
juice
water
9
Your goal should be to have __________ worth of normal expenses in an emergency fund.
9 - 12 months'
1 - 2 months'
3 - 6 months'
1 - 2 years'
10
The amount of your salary or wages for the pay period with taxes and other deductions withheld
Social Security
Net Pay
Medicare
Gross Pay
11
A fee charged for borrowing money
Credit Card
Interest
Cash
Debit Card
12
To avoid interest on credit card purchases, you just need to make the minimum monthly payment each month.
True
False
13
A "rainy day" fund is intended to help you:
pay for entertainment when the weather is poor
purchase rain boots, umbrellas, etc. when it rains
stay prepared for unexpected life events
pay for a shopping spree
14
Inexpensive entertainment options exist.
False
True
15
A government program designed that provides income to American workers/families after retirement, disability, or death
Net Pay
Gross Income
Social Security
Medicare
16
A ______________ is an additional amount that is paid for certain services, such as full-service dining.
add-on
bonus
service fee
tip
17
The fine for driving without car insurance in the state of Mississippi is $ ____________
500
325
250
100
18
A form of borrowing money; should be paid off in full each month to avoid additional charges
Cash
Credit Card
Debit Card
Interest
19
Linked directly to your checking account; lets you pull cash from an ATM, pay using a card processing machine
Interest
Credit Card
Cash
Debit Card
20
Junk food is a great long term option for saving money because it is generally cheap.
False
True
21
A bank account where the depositor can write checks
Checking Account
Cleared Check
Bad check
Savings account
22
The form you must fill out when you start a job that determines the amount of taxes that your employer will withhold
R2-D2
T-1
D-3
W-4
23
You can reduce your utility bills by eliminating wasteful habits in how you use energy and water in your home.
True
False
24
If you fail to pay your apartment rent beyond the last allowed date, you can be ___________________ , or forced to leave
arrested
repossessed
foreclosed
evicted
25
If you do not have ______________ insurance, you will have to pay a hospital bill yourself.
life
homeowners
car
medical
26
Interest payments
are calculated based on an
APR
, or __________________ .
Annual Percentage Rate
Annual Payment Rate
Average Payment Rate
Average Percentage Rate
27
State sales tax in Mississippi is _____ % .
7
4
5
2
28
If you have no auto insurance and cause a wreck, you have to pay for any damage you have caused to other person's car.
False
True