In setting goals for saving, the acronym SMART stands for what?

Specific measurable attainable realistic timely

What do the initials F.D.I.C. stand for?

Federal Deposit Insurance Corporation

A goal is an objective to be attained in a specific amount of time. What are three types of goals?

To be goals, to do goals, to have

What can an IP address reveal?

Approximate geographical location

What are the components of digital communication?

Digital literacy and digital citizenship

What are the stages of the family life cycle?

Beginning, expanding, developing, launching & aging

What does OSHA stand for?

Occupational, Safety, Health, Administration

What are 3 ways a person can attain their educational needs for a career?

Education, training, certification

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Money Matters Exam Review

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1st semester

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Questions 18

Answers

1
In setting goals for saving, the acronym SMART stands for what?
Specific measurable attainable realistic timely
Specific measurable attainable reservation tardy
Specific measurable attainable ready tardy
2
What do the initials F.D.I.C. stand for?
Finance Deposit Insurance Corporation
Federal Deposit Insurance Corporation
Federal Demand Insurance Corporation
Federal Deposit Income Corporation
3
Two types of resources are human and non-human resource.
False
True
4
A goal is an objective to be attained in a specific amount of time. What are three types of goals?
To be goals, to do goals, to want
To be goals, to do goals, to have
To be goals, to do goals, to need
None of the above
5
What traits are ethics based on?
All of the above
Honesty
Loyalty
Trustworthiness
6
Paying for governmental operations, facilities, and services is the primary purpose of taxes.
True
False
7
“Pay yourself first” is a strategy that assures savings will grow.
False
True
8
What can an IP address reveal?
Internet protocol address
Approximate copywrite location
Appropriate graph location
Approximate geographical location
9
Name 2 common savings products.
Money market accounts
None of the above
High yield savings account
Any of the above
10
How many career clusters are there?
14
15
13
16
11
What are 3 ways to endorse a check?
Blank, receiver, special
Blank, restrictive, service
Broad, restrictive, special
Blank, restrictive, special
12
What are the components of digital communication?
Digital literacy and digital censorship
Digital language and digital citizenship
Digital literacy and diagonal citizenship
Digital literacy and digital citizenship
13
What are the stages of the family life cycle?
Benefits, expanding, developing, launching & aging
Beginning, expense, developing, launching & aging
Beginning, expanding, developing, launching & aging
Beginning, expanding, discretionary, launching & aging
14
Which two federal program pays for certain healthcare expenses for older citizens or for low-income people
Medicare, social security
Medicare, mandatory expenditure
Medicare, Medicaid
Medicare, levy
15
Regarding savings products, (APY) stands for annual percent year.
False
True
16
What does OSHA stand for?
Occupational, Safety, Health, Administration
Occupational, Safety, Hospice, Administration
Optional, Safety, Health, Administration
Occupational, Security, Health, Administration
17
What are 3 ways a person can attain their educational needs for a career?
Education, technical, certification
Environment, training, certification
Education, training, certification
Education, training, classified
18
When establishing a budget what type of expenses should be tracked?
All of the above
Variable
Fixed
Discretionary

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