FLVS Personal Financial Literacy 2.07
Exam Questions And All Correct
Answers Rated A+.
Joseph lost $5,000 after engaging in a work-from-home scam. What action should he take to
seek retribution? - Answer Report the incident to the Federal Trade Commission.
Why might a person donate money to a hospital? - Answer For personal satisfaction
Which federal agency protects bank deposits up to $250,000 per institution? - Answer Federal
Deposit Insurance Corporation
Joel has a small deposit to save and is looking for an account that offers a high rate of return. He
does not need to have easy access to the money, and he doesn't mind taking a risk. Which of
the following options would best suit his needs? - Answer Certificate of deposit
Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a
year. She will graduate from high school in five years. Roughly how much more will Martha need
to save for one-year's tuition to account for an annual rate of inflation of 3%? - Answer
$1,590.00
Oscar has received a $4,000 gift and is looking for a bank to start a savings account. Which
option would be the best for him at a current inflation rate of 1.5%? - Answer A real interest
rate of 5%
An electronics store advertised a television as $17 a day for 30 days rather than the full price of
$510. Why did the store choose to advertise the television this way? - Answer Because it looks
like a deal
Which of the following is a portable savings plan that can be applied towards a private college? -
Answer 529 Plan
Maxine notices her favorite brand of running shoes are on sale for 50% off retail price. Though
she is on a strict budget, she decides to purchase two pair. Maxine's decision was most
influenced by - Answer the sale price of the running shoes
Exam Questions And All Correct
Answers Rated A+.
Joseph lost $5,000 after engaging in a work-from-home scam. What action should he take to
seek retribution? - Answer Report the incident to the Federal Trade Commission.
Why might a person donate money to a hospital? - Answer For personal satisfaction
Which federal agency protects bank deposits up to $250,000 per institution? - Answer Federal
Deposit Insurance Corporation
Joel has a small deposit to save and is looking for an account that offers a high rate of return. He
does not need to have easy access to the money, and he doesn't mind taking a risk. Which of
the following options would best suit his needs? - Answer Certificate of deposit
Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a
year. She will graduate from high school in five years. Roughly how much more will Martha need
to save for one-year's tuition to account for an annual rate of inflation of 3%? - Answer
$1,590.00
Oscar has received a $4,000 gift and is looking for a bank to start a savings account. Which
option would be the best for him at a current inflation rate of 1.5%? - Answer A real interest
rate of 5%
An electronics store advertised a television as $17 a day for 30 days rather than the full price of
$510. Why did the store choose to advertise the television this way? - Answer Because it looks
like a deal
Which of the following is a portable savings plan that can be applied towards a private college? -
Answer 529 Plan
Maxine notices her favorite brand of running shoes are on sale for 50% off retail price. Though
she is on a strict budget, she decides to purchase two pair. Maxine's decision was most
influenced by - Answer the sale price of the running shoes
