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WISE practice for teens 2 Flashcards | StudBud
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WISE practice for teens 2
WISE practice for teens 2
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Practice #2 for March assessment
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
What percentage of millionaires choose to buy used cars rather than new cars?
20%
10%
40%
23%
2
What is the number one common denominator of financially successful people?
staright A's in high school
worked part-time as teens
rich parents
a college degree
3
If you think someone is trying to scam you on the internet, you should contact the ____.
DEA
IOC
FDA
FTC
4
If your car is worth less than you owe on your car loan at anytime, you are said to be____.
backside down on your loan
upside down on your loan
inside out on your loan
bottom loaded on your loan
5
FTC stands for ______.
Federal Trade Commission
First Time Consumer
Federal Termination Company
Financial Trade Corporation
6
When items such as house or land become more valuable, this is called ___, an increase in value
appropriation
depreciation
depreciation
appreciation
7
If you borrow $20,000 for 5 years at 12% interest for a car, what is the price after 5 years?
$20,400
$26,700
$40,750
$31,200
8
Which item below would depreciate if you owned it?
all of the above
a bike
a television
a car
9
What is a good online resource to consult when buying a new or used car?
Wither's Car Guide
Brokers Auto Source
Bob's Big Book
Kelly Blue Book
10
Developing a financial lifestyle that fits the amount of money you will earn in your career is?
Lifestyle-driven journey
journey-driven lifestyle
none of the above
money management program