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FL- End of Unit 2 Quiz Flashcards | StudBud

Explore/FL- End of Unit 2 Quiz

FL- End of Unit 2 Quiz

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Questions 8

Answers

1
What is the 50/30/20 Rule?
50% savings, 30% wants, 20% needs
50% needs, 30% wants, 20% taxes
50% needs, 30% wants, 20% savings
50% wants, 30% needs. 20% savings
2
Simple interest can be modeled by what type of function
Trigonometric Function
Linear Function
Exponential Function
Logarithmic Function
3
When is the best time to learn about financial literacy?
When you take Mr. Spera/Ms. Woolard's class
When you buy your first home
The earlier the better!
After you get your first job/career
4
APR or APY: Credit Card
APY
APR
5
How do you determine NET Pay?
Gross Pay - Net Pay
Taxes - Gross Pay
Net Pay - Taxes
Gross Pay - Taxes
6
Simple Interest grows faster than Compound Interest
False
True
7
APR or APY: CD
APR
APY
8
APR or APY: Student Loan
APR
APY