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Adult 101 Final Review Flashcards | StudBud
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Adult 101 Final Review
Adult 101 Final Review
35 terms
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Financial Literacy, College and Adulting
Flashcards
35 cards
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Practice quiz
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Host live
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Questions
35
Answers
1
According to NPR, what was the biggest reason for the rise in college cost?
Public Investment dropping
Inflation
Oil Embargo
G.I. Bill 1944
2
What is a problem with the idea of “super abundance”?
Finite resources
There is no Planet “B”
All of the above
Ignores Scarcity
3
Money collected by the federal government to provide health insurance benefits in retirement.
Obamacare
Medicare
Social Security
Medicaid
4
Which are the best loans to get if you must borrow money to go to college?
Credit Card
Private
Unsubsidized
Subsidized
5
Money collected by the federal government to provide financial benefits needed in retirement
Medicaid
Social Security
Medicare
Obamacare
6
Total pay before deductions.
Gross
Net Pay
Tax
Deduction
7
A year-end earnings statement prepared by employers showing total earnings and deductions
W-3
W-2
W-4
W-1
8
What animal topped the first endangered species list?
Turkey
Whale
Spotted Owl
Bald Eagle
9
What was the influential book sparked the modern environmental movement?
Limits of Growth
Silent Spring
Population Bomb
Catcher in the Rye
10
This type of score attempts to measure your creditworthiness:
DEBT
ATM
FICO
NPR
11
An investment tool for individuals to save for retirement.
Mutual Funds
FICO
IRA
401(k)
12
Working a job, receiving a paycheck but no taxes are taken out means you are likely ...
a Server
a Sole Proprietor
an Undocumented Worker
an Independent Contractor
13
What should you do 1st before raising car to change a tire?
start car
waive down a cop
tighten lug nuts
loosen lug nuts
14
A type of retirement savings account where money is deposited directly by an employer
401(k)
IRA
Mutual Funds
Stock
15
What did Earth Day organizers do to influence the political process?
None
Targeted "dirty dozen" and defeated 7 Congressmen.
They impeached Nixon
Earth Day was just symbolic
16
What is savings vehicle offered through banks with a set maturity date?
401K
Individual Retirement Account
Certificate of Deposit
Savings
17
Income and expenses that vary each month.
Fixed
Surplus
Variety
Flexible
18
What technique is used to tighten a 5 lug nut tire?
Star Shaped Technique
Square Technique
Circle Technique
One-at-a-time Technique
19
Money collected to be used for city public services, such as sidewalks and city water systems.
Federal Tax
City Tax
State Tax
20
An investment vehicle that pools investor money to purchase securities like bonds and stocks.
Roth
401 (k)
IRA
Mutual Funds
21
Legislation passed to enable veterans to go college
G.I. Bill 1944
Higher Ed Act
Perkins Loan
Oil Embargo
22
Income and expenses that are the same each month
Flexible
Fixed
Surplus
Variety
23
Insurance bill you pay every month or semi annually.
Claim
Premium
Policy
Deduction
24
According to NPR, which of the following is NOT a reason for the rising cost of college?
Tenured Professors
Oil Embargo
High Price Incentive
Inflation
25
A chart that documents how much money an individual earns and spends.
Dividend
Income
Cash Flow
Budget
26
A type of insurance that minimizes financial risk related to medical expenses.
Auto Ins
Fire Ins
Life Ins
Health Ins
27
What law was NOT apart of President Nixon’s environmental legacy?
Clean Air
Clean Water
Kyoto Protocol
EPA
28
Total pay after deductions, commonly referred to as take-home pay.
Net
Gross
Cha Ching
Score
29
The NASDAQ is a stock exchange which deals mostly with
tech stocks
Dow Jones
the top 500 companies
Agriculture
30
Insurance payment you make before the insurance will process a claim.
Policy
Premium
Deductible
Claim
31
Money withheld from a paycheck for tax or savings purposes.
Expenses
Deductions
Income
taxes
32
The most important thing American families can do to stay healthier is
visit doctors more often
eat real food
get regular check ups
Exercise more
33
A withholding tax form completed by a new employee that tells the employer how much to withold
W-4
W-1
W-2
W-3
34
A type of insurance used by vehicle owners to cover costs associated with car accidents.
Life Insurance
Premium
Auto Insurance:
Health Insurance
35
if you spend more money than you have coming in, you have a _______cash flow
Negative
Great
Positive
Sad