Which of the following statements about buying and selling stock it TRUE?

A stock exchange is the place where stocks are traded

What is the best strategy for avoiding credit card interest?

a. Pay the full balance each month

If a person has liability car insurance, what would they be covered for?

Repairing damage to other cars if at fault in an accident.

Money you pay the insurance company every month for coverage

What is the first thing you should do when career planning?

a. Make a list of your job preferences and skills

What could be one reason why a stock becomes more valuable over time?

There is a lot of demand for the product

When deciding how to invest your money, which of the following is least important to know?

Whether or not deposits can be made online

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Business and Financial Literacy

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Questions 20

Answers

1
Which of the following expenses should be included in a typical budget?
a. Charitable Giving
a. Taxes
a. All of the above
a. Savings
2
Which of the following statements about buying and selling stock it TRUE?
A stock exchange is the place where stocks are traded
In order to sell stock, you must have at least 1,000 shares
a. It is illegal to buy stocks online.
Stock prices stay the same most of the time.
3
What is the best strategy for avoiding credit card interest?
a. Pay the full balance each month
a. Pay the minimum balance
a. Make payments online
a. Skip payments
4
Which career is likely to have the highest income?
a. Graphic Designer
a. Nurse Practitioner
a. Fitness Instructor
a. Dentist
5
Which of the following is an example of a personal SKILL?
a. I like walking around the neighborhood.
a. I play the trumpet
a. I volunteer at the animal shelter
a. I love learning new things
6
If a person has liability car insurance, what would they be covered for?
Repairing damage to their own car if at fault in an accident
Repairing damage to their car caused by storms or theft.
Repairing damage to other cars if at fault in an accident.
a. All of the above
7
Which factor has the biggest impact on a credit score?
a. Payment history
a. Type of credit
a. Length of credit
a. Amount owed
8
What is a premium
Money you pay the insurance company every month for coverage
A fee you pay for medical services, like a doctor's visit
Money you pay before your insurance will cover other costs
The most you have to pay for health care in a full year.
9
What is the first thing you should do when career planning?
a. Have a mock interview with a family member
a. Apply for as many jobs as possible
a. Sign-up for an internship
a. Make a list of your job preferences and skills
10
Which degree typically takes 2 years of full time study after High school?
a. Associate Degree
a. Doctoral Degree
a. Master’s Degree
a. Bachelor’s Degree
11
To make a purchase using your checking account Which payment method should you use?
a. Debit card
a. Direct deposit
Prepaid card
a. Credit card
12
A network of consumers and producers of goods and services in a community is called a(n)
a. filibuster
a. Network
a. Finance career
a. Economy
13
What is another phrase for an undergraduate degree?
a. Bachelor’s Degree
a. Doctoral Degree
a. Master’s Degree
a. Associate Degree
14
What could be one reason why a stock becomes more valuable over time?
There is a lot of demand for the product
The industry is growing
All of the above
The company is well-managed
15
Which of the following would be considered a want rather than a need for most people?
a. A smartphone
a. Warm clothes in the winter
a. Nutritious food
a. A place to live
16
When deciding how to invest your money, which of the following is least important to know?
The expected rate of return on your investment
How risky the investment is
When you will need to use the money
Whether or not deposits can be made online
17
An unvarying fixed payment usually paid on a weekly or bi-weekly basis.
a. Wage
a. Stock
a. Salary
a. Stipend
18
Income earned on an hourly basis is called a:
a. Stipend
a. Benefit
a. wage
a. Salary
19
The more ____________ you receive; the more money you will likely earn in your career.
Internships
a. Scholarships and grants
a. Benefits
a. Education and training
20
I am withheld from your paycheck and used to fund government services like national defense.
a. Medicare
Social Security
a. Federal Income Tax
a. State Income Tax

Business and Financial Literacy Flashcards | StudBud