William's car is damaged. To fix the car, the repairs will cost $1,789. If William's insurance deductible is $750,
how much will the insurance company pay for the repairs? 


William's car is damaged. To fix the car, the repairs will cost $1,789. If William's insurance deductible is $750,
how much will the insurance company pay for the repairs? 


$1789


$1039


$750


$789

Question at position 2
2
 
1 point 

 
 
Question at position 2 
Nina needs to buy her textbooks for college. Instead of getting them from the school bookstore, she finds a way
to rent them online for much less money. Nina is 


Nina needs to buy her textbooks for college. Instead of getting them from the school bookstore, she finds a way
to rent them online for much less money. Nina is 


a victim of a scam


investing rather than saving


comparison shopping


impulse buying

Question at position 3
3
 
1 point 

 
 
Question at position 3 
To pay his student loans, Jerian elects a plan where he begins with low monthly payments that increase yearly.
This is an example of a(n) __________ plan.


To pay his student loans, Jerian elects a plan where he begins with low monthly payments that increase yearly.
This is an example of a(n) __________ plan.


standard repayment


income driven


consolidation


graduated repayment

Question at position 4
4
 
1 point 

 
 
Question at position 4 
Which of the following is a true statement regarding an employer’s tax obligations:



Which of the following is a true statement regarding an employer’s tax obligations:



Employers pay a matching amount of employees' Social Security and Medicare taxes.


Employers pay the same amount in taxes for each employee.


Employers may "opt out" of paying payroll taxes.


Employers pay taxes only for full-time employees

Question at position 5
5
 
1 point 

 
 
Question at position 5 
On January 3, Anna mailed her credit card payment, which was due on January 5. The credit card issuer
received the payment on January 7. What most likely appeared on Anna's credit card statement the following
month? 


On January 3, Anna mailed her credit card payment, which was due on January 5. The credit card issuer
received the payment on January 7. What most likely appeared on Anna's credit card statement the following
month? 


application charge


processing charge


over limit fee


late fee

Question at position 6
6
 
1 point 

 
 
Question at position 6 
Asher just earned $100 for dog sitting. How can he take advantage of the time value of money?


Asher just earned $100 for dog sitting. How can he take advantage of the time value of money?


invest the money so he will earn interest.


Store the money in his sock drawer for later use.


Spend the money later to avoid inflation.


Spend part of the money now and save part for later. 

Question at position 7
7
 
1 point 

 
 
Question at position 7 
Transaction fees and interest rates are important considerations when you area


Transaction fees and interest rates are important considerations when you area


assessing a loan application.


preparing your bank statements.


selecting a credit card provider.


establishing your credit rating. 

Question at position 8
8
 
1 point 

 
 
Question at position 8 
What do companies try to accomplish when extending credit to customers?


What do companies try to accomplish when extending credit to customers?


reduce expenses


reduce assets


increase sales


increase liabilities

Question at position 9
9
 
1 point 

 
 
Question at position 9 
Which of the following is a way in which a consumer can safeguard their information while using mobile and
online banking:


Which of the following is a way in which a consumer can safeguard their information while using mobile and
online banking:


Never changing their password


Using unique log-in credentials


Staying logged in at all times


Saving their password in their phone notes 

Question at position 10
10
 
1 point 

 
 
Question at position 10 
Using a credit card is


Using a credit card is


like getting a free loan if you pay the balance each month.


a good way to pay for impulse purchases.


a privilege reserved for working adults


an inexpensive way to borrow money for an extended period. 

Question at position 11
11
 
1 point 

 
 
Question at position 11 
An employer might promote an employee who has seniority because the employee


An employer might promote an employee who has seniority because the employee


has a proven record of accomplishments.


works with other people on a regular basis.


expresses an interest in technology.


completes certain projects ahead of schedule.

Question at position 12
12
 
1 point 

 
 
Question at position 12 
What is the primary reason many start-up businesses fail?


What is the primary reason many start-up businesses fail?


Owners do not stay current with technology and professional development.


Owners require employees to take aptitude tests when they are hired.


 Owners tend to hire employees who have good references.


Owners do not have access to resources for professional development.

Question at position 13
13
 
1 point 

 
 
Question at position 13 
Which of the following investments uses a manager who is responsible for deciding which investments to
pursue:


Which of the following investments uses a manager who is responsible for deciding which investments to
pursue:


Real estate


money market account


bond


mutual fund

Question at position 14
14
 
1 point 

 
 
Question at position 14 
Which of the following is an example of a payroll deduction:


Which of the following is an example of a payroll deduction:


overtime hours


health insurance


net pay


pay rate

Question at position 15
15
 
1 point 

 
 
Question at position 15 
Which of the following is a disadvantage of a checking account:


Which of the following is a disadvantage of a checking account:


online transaction options


account balance requirement


overdraft protection


direct payroll deposit

Question at position 16
16
 
1 point 

 
 
Question at position 16 
Yazmin earned $5,000 from her summer job. If she invests it at a rate of 5%, how much will it be worth in two
years?


Yazmin earned $5,000 from her summer job. If she invests it at a rate of 5%, how much will it be worth in two
years?


$5025.50


$5512.50


$5500


$10250

Question at position 17
17
 
1 point 

 
 
Question at position 17 
One difference between stocks and bonds is that


One difference between stocks and bonds is that


issuing bonds helps businesses grow.


bonds must be repaid over time.


stocks include interest payments.


stocks are safer than bonds.

Question at position 18
18
 
1 point 

 
 
Question at position 18 
Individuals often are willing to take the risk of investing because of the


Individuals often are willing to take the risk of investing because of the


expected return


financial guarantee


unlimited insurance


low interest

Question at position 19
19
 
1 point 

 
 
Question at position 19 
Which of the following factors might affect a customer's application for credit: 


Which of the following factors might affect a customer's application for credit: 


height


income


race


gender

Question at position 20
20
 
1 point 

 
 
Question at position 20 
Calista is an investor with a high risk-tolerance seeking high growth. Which of the following represents the most
diversified investment approach:


Calista is an investor with a high risk-tolerance seeking high growth. Which of the following represents the most
diversified investment approach:


20 high-growth stocks in different industries


15 high-growth stocks within the technology sector


5 high-growth stocks in different foreign markets


5 high-growth stocks in different industries 

Question at position 21
21
 
1 point 

 
 
Question at position 21 
Amira is trying to choose a financial institution. She likes to do her banking in person, and she wants to make
sure she selects an institution that's customer friendly. She wants good interest rates and low fees, and she'd
also prefer to invest with a not-for-profit institution. Amira should invest her money in a(n) 


Amira is trying to choose a financial institution. She likes to do her banking in person, and she wants to make
sure she selects an institution that's customer friendly. She wants good interest rates and low fees, and she'd
also prefer to invest with a not-for-profit institution. Amira should invest her money in a(n) 


internet bank


credit union


investment bank


commercial bank

Question at position 22
22
 
1 point 

 
 
Question at position 22 
Which of the following financial institutions offers checking and savings accounts and provides loans to
individuals and businesses:


Which of the following financial institutions offers checking and savings accounts and provides loans to
individuals and businesses:


brokerage houses


investment banks


insurance companies


commercial banks

Question at position 23
23
 
1 point 

 
 
Question at position 23 
Entry-level positions provide employees with


Entry-level positions provide employees with


basic job experience.


few advancement opportunities.


 high salaries.


limited training. 

Question at position 24
24
 
1 point 

 
 
Question at position 24 
You are more likely to achieve your goals if they are


You are more likely to achieve your goals if they are


short term


long term


written down


based on needs only

Question at position 25
25
 
1 point 

 
 
Question at position 25 
Insurance is a key element in lifelong financial planning that


Insurance is a key element in lifelong financial planning that


protects a person from unethical salespeople.


provides protection against financial losses.


guarantees a solid financial future.


is available only to property owners.

Question at position 26
26
 
1 point 

 
 
Question at position 26 
One feature that makes bonds unique when compared to stocks is


One feature that makes bonds unique when compared to stocks is


a sensitivity to interest rates.


different purchase and sale prices.


a guaranteed return on investment.


bond holders own the corporation.

Question at position 27
27
 
1 point 

 
 
Question at position 27 
Amelia places $250 in a savings account that pays 6.25% interest compounded annually. Calculate the value of
her savings account in two years.


Amelia places $250 in a savings account that pays 6.25% interest compounded annually. Calculate the value of
her savings account in two years.


$274.86


$290.60


$282.23


$297.77

Question at position 28
28
 
1 point 

 
 
Question at position 28 
Which of the following statements about deposit-taking financial institutions is true:


Which of the following statements about deposit-taking financial institutions is true:


A deposit-taking institution's primary liabilities are checking accounts, savings accounts, money market
accounts, and certificates of deposit.


Two types of commercial banks are mutual savings banks and savings and loan associations (S&Ls).


When a saver deposits funds, s/he receives a claim on the individual or firm to whom the depository
institution lends these funds.


The Small Business Administration and the Federal Housing Administration are examples of deposit-taking
financial institutions.

Question at position 29
29
 
1 point 

 
 
Question at position 29 
Viola wants to go on a vacation sometime in the next year. How should she generate the money she needs for
the trip?


Viola wants to go on a vacation sometime in the next year. How should she generate the money she needs for
the trip?


Put the expenses for the trip on a credit card


Put her money in a savings account


Take some money from her emergency fund


Invest her money in the stock market

Question at position 30
30
 
1 point 

 
 
Question at position 30 
By developing a personal budget, individuals will be able to review their


By developing a personal budget, individuals will be able to review their


 investment plans.


spending patterns


insurance policy coverage.


bank statements. bold the answer