Multiple Choice Questions

Which statement best describes a college education?
  • Public colleges are cheaper for in-state residents.
  • All of their debts are eliminated, but they have to sell their assets, such as their homes.
  • The student pays for it, and it is required in many professions.
  • There are mileage restrictions on the car.You must return the car after the lease ends.There are penalties for ending the lease early.
To create a balanced budget, one must make sure to
  • tuitionbooks and feesroom and board
  • pay off debts first.
  • local income tax
  • to prevent defaults
Martin receives an e-mail about a money-making opportunity from a sender who asks for his bank account number. The best way to avoid having his identity stolen is to
  • tuitionbooks and feesroom and board
  • a credit carda down paymenta house
  • It tracks the use of credit for lenders.
  • contact the police and file a phishing report.
It typically takes about _____ to get a degree in vocational school.
  • principal
  • salary
  • pay off debts first.
  • two years
Under which circumstance would someone need disability insurance?
  • A person was in a car accident and cannot work for several months.
  • Income is what a person earns, while taxable income reflects deductions subtracted for relevant expenses.
  • to know how much money she has for budgeting
  • He most likely would have benefited by diversifying.
Which statements apply to leasing a car? Check all that apply.
  • It tracks the use of credit for lenders.
  • All of their debts are eliminated, but they have to sell their assets, such as their homes.
  • The student pays for it, and it is required in many professions.
  • There are mileage restrictions on the car.You must return the car after the lease ends.There are penalties for ending the lease early.
The graph compares the cost of living in three different cities.Which statement best explains this graph?
  • It tracks the use of credit for lenders.
  • tuitionbooks and feesroom and board
  • All of their debts are eliminated, but they have to sell their assets, such as their homes.
  • San Francisco has the highest cost of living of the three cities.
Which describes a type of tax that funds city programs?
  • local income tax
  • to prevent defaults
  • Public colleges are cheaper for in-state residents.
  • pay off debts first.
Which explains a difference between income and taxable income?
  • He most likely would have benefited by diversifying.
  • A person was in a car accident and cannot work for several months.
  • Income is what a person earns, while taxable income reflects deductions subtracted for relevant expenses.
  • to know how much money she has for budgeting
A down payment is an upfront payment of _____ to make a purchase.
  • cash
  • two years
  • salary
  • It tracks the use of credit for lenders.
Which are costs of a college education? Check all that apply.
  • tuitionbooks and feesroom and board
  • by forgeryby phishingby fraud
  • It tracks the use of credit for lenders.
  • Public colleges are cheaper for in-state residents.
Which statement best describes what happens when people declare bankruptcy?
  • All of their debts are eliminated, but they have to sell their assets, such as their homes.
  • The student pays for it, and it is required in many professions.
  • It tracks the use of credit for lenders.
  • There are mileage restrictions on the car.You must return the car after the lease ends.There are penalties for ending the lease early.
Look at this monthly budget.Monthly BudgetNext month, Tokuji's monthly net income will increase to $If he increases his savings to $110 a month, how much can he increase his discretionary spending?
  • principal
  • $20
  • cash
  • salary
The image shows Alex's investments in one year.Investments during One YearWhat does the information demonstrate about Alex's investments?
  • to know how much money she has for budgeting
  • He most likely would have benefited by diversifying.
  • Income is what a person earns, while taxable income reflects deductions subtracted for relevant expenses.
  • A person was in a car accident and cannot work for several months.
Which of these are ways that identity theft can happen? Check all that apply.
  • by forgeryby phishingby fraud
  • It tracks the use of credit for lenders.
  • tuitionbooks and feesroom and board
  • All of their debts are eliminated, but they have to sell their assets, such as their homes.
Interest paid on a loan is calculated as a percentage of the
  • local income tax
  • principal
  • salary
  • two years
What do borrowers use to secure a mortgage loan? Check all that apply.
  • to prevent defaults
  • It tracks the use of credit for lenders.
  • a credit carda down paymenta house
  • tuitionbooks and feesroom and board
What is the definition of liquidity?
  • The student pays for it, and it is required in many professions.
  • Public colleges are cheaper for in-state residents.
  • how difficult it is to maximize returns on investments
  • a credit carda down paymenta house
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Multiple Choice Questions
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