Social Science Economics Macroeconomics
GEB 3006 Financial Literacy Exam with question
and answer 100% correct
Terms in this set (166)
Which of the following is NOT an example N shaped.
of an economic recovery "curve"?
Which type of economic recovery curve L shaped.
would be the WORST in terms of the impact
on the economy?
Congress passing a trillion dollar Fiscal.
stimulus package to combat the
COVID 19 virus would be an example
of__________________________policy.
The Federal Reserve actions to decrease Monetary.
the federal funds target rate and to
provide liquidity to the credit markets
during the COVID 19 crisis is an
example of_______________________policy.
,The COVID 19 economic crisis DIFFERS from It was caused by actions taken by government to shut down
the global financial crisis of 2008 because: the economy to protect public health.
Actions taken by the Congress and Federal Much more quickly than compared to the Global Financial
Reserve to combat the COVID 19 crisis were Crisis.
accomplished:
Which of the following is correct with Great Depression of 1930s worst, followed by Covid 19 Crisis
respect to the most severe economic of 2020, followed by Global Financial Crisis of 2008.
crisis (listed first) to the least severe
economic crisis (listed last)?
Dr. Sean Snaith is predicting: A recovery that is much faster than the recovery we saw with
the Global Financial Crisis of 2008.
During the Global Financial Crisis of 2008, Much slower than the national average.
the State of Florida's recovery was:
The increase in unemployment rates caused Much faster than we saw in the Global Financial Crisis of 2008.
by the COVID 19 crisis was:
See the UCF Florida Metro Forecast PDF 10%, 2022.
file in the modules.
The unemployment rate in Florida is
expected to rise over_____by the fourth
quarter of 2020 and should fall back to
a normal 3.9% by _.
See the UCF Florida Metro Forecast PDF 767,000.
file in the modules.
Florida payroll job losses will approximate
________n Q1 and Q4 of 2020.
See the UCF Florida Metro Forecast PDF Professional and business services.
file in the modules.
The Florida sector that is expected to
have the largest job losses in 2020 is
_____________________________________.
See the UCF Florida Metro Forecast PDF Advent Health.
file in the modules.
With respect to the Orlando, Kissimmee, and
Sanford MSA, which employer is the
SECOND largest employer in the region?
If it cost $50,000 to attend a public $142,716.96
university today, what would it cost to attend
that same university 18 years from now
assuming that the cost escalated at a rate
of 6% per year (annual compounding)?
, What is the present value of $6,700 $1,466.53
received 14 years from now using a 11%
interest or
discount rate, with interest compounded
quarterly?
What is the future value of $10.00 (ten $2,349.30
dollars) deposited at the end of each week
for 4 years earning 6% interest?
What is the present value of $125 $20,627.73
deposited at the end of each month for
20 years
earning 4% interest?
What is the monthly house payment on a 30 $828.31
year $150,000 mortgage at 5.25% annual
interest?
If you have $10,000 today, and save $2,200 89
per month at the end of the month while
earning an annual interest rate of 5%, how
many months would it take to accumulate
$250,000?
Assume the following information for a $18,922.69 of principal; $16,453.43 of interest; balance due
home mortgage: $213,491.61
Original loan amount = $250,000 Annual
interest rate = 7.35% Term of loan = 10 years
For year two, how much interest and
principal was paid, and what is the balance
due at the end of year two?
What is the Net Present Value (NPV) and NPV= $9,288.32; IRR= 20%
internal rate of return (IRR) of spending
$10,000 today on graduate school when you
earn $40,000/year today and will earn
$42,000/year for the next 35 years after
grad school. Assuming you could invest this
money elsewhere and earn 10%?
What is the effective interest rate assuming 11.61%
the following:
Annual rate = 11.0%
Pmt/yr = 52
You plan to buy some undeveloped $116,837
land that should sell for $235,000 in five
years. What is the most you can pay to
ensure a 15% annual return?
What is the future value of $2,000 $3,985.13
invested today at 9% interest in 8 years
with interest compounded annually?
What is the present value of $9,200 $5,264.90
GEB 3006 Financial Literacy Exam with question
and answer 100% correct
Terms in this set (166)
Which of the following is NOT an example N shaped.
of an economic recovery "curve"?
Which type of economic recovery curve L shaped.
would be the WORST in terms of the impact
on the economy?
Congress passing a trillion dollar Fiscal.
stimulus package to combat the
COVID 19 virus would be an example
of__________________________policy.
The Federal Reserve actions to decrease Monetary.
the federal funds target rate and to
provide liquidity to the credit markets
during the COVID 19 crisis is an
example of_______________________policy.
,The COVID 19 economic crisis DIFFERS from It was caused by actions taken by government to shut down
the global financial crisis of 2008 because: the economy to protect public health.
Actions taken by the Congress and Federal Much more quickly than compared to the Global Financial
Reserve to combat the COVID 19 crisis were Crisis.
accomplished:
Which of the following is correct with Great Depression of 1930s worst, followed by Covid 19 Crisis
respect to the most severe economic of 2020, followed by Global Financial Crisis of 2008.
crisis (listed first) to the least severe
economic crisis (listed last)?
Dr. Sean Snaith is predicting: A recovery that is much faster than the recovery we saw with
the Global Financial Crisis of 2008.
During the Global Financial Crisis of 2008, Much slower than the national average.
the State of Florida's recovery was:
The increase in unemployment rates caused Much faster than we saw in the Global Financial Crisis of 2008.
by the COVID 19 crisis was:
See the UCF Florida Metro Forecast PDF 10%, 2022.
file in the modules.
The unemployment rate in Florida is
expected to rise over_____by the fourth
quarter of 2020 and should fall back to
a normal 3.9% by _.
See the UCF Florida Metro Forecast PDF 767,000.
file in the modules.
Florida payroll job losses will approximate
________n Q1 and Q4 of 2020.
See the UCF Florida Metro Forecast PDF Professional and business services.
file in the modules.
The Florida sector that is expected to
have the largest job losses in 2020 is
_____________________________________.
See the UCF Florida Metro Forecast PDF Advent Health.
file in the modules.
With respect to the Orlando, Kissimmee, and
Sanford MSA, which employer is the
SECOND largest employer in the region?
If it cost $50,000 to attend a public $142,716.96
university today, what would it cost to attend
that same university 18 years from now
assuming that the cost escalated at a rate
of 6% per year (annual compounding)?
, What is the present value of $6,700 $1,466.53
received 14 years from now using a 11%
interest or
discount rate, with interest compounded
quarterly?
What is the future value of $10.00 (ten $2,349.30
dollars) deposited at the end of each week
for 4 years earning 6% interest?
What is the present value of $125 $20,627.73
deposited at the end of each month for
20 years
earning 4% interest?
What is the monthly house payment on a 30 $828.31
year $150,000 mortgage at 5.25% annual
interest?
If you have $10,000 today, and save $2,200 89
per month at the end of the month while
earning an annual interest rate of 5%, how
many months would it take to accumulate
$250,000?
Assume the following information for a $18,922.69 of principal; $16,453.43 of interest; balance due
home mortgage: $213,491.61
Original loan amount = $250,000 Annual
interest rate = 7.35% Term of loan = 10 years
For year two, how much interest and
principal was paid, and what is the balance
due at the end of year two?
What is the Net Present Value (NPV) and NPV= $9,288.32; IRR= 20%
internal rate of return (IRR) of spending
$10,000 today on graduate school when you
earn $40,000/year today and will earn
$42,000/year for the next 35 years after
grad school. Assuming you could invest this
money elsewhere and earn 10%?
What is the effective interest rate assuming 11.61%
the following:
Annual rate = 11.0%
Pmt/yr = 52
You plan to buy some undeveloped $116,837
land that should sell for $235,000 in five
years. What is the most you can pay to
ensure a 15% annual return?
What is the future value of $2,000 $3,985.13
invested today at 9% interest in 8 years
with interest compounded annually?
What is the present value of $9,200 $5,264.90
