JROTC Semester 2 Exam Review
Questions and Answers 100% Pass
Florida has no state income tax
True or False - ✔✔A
Which of the following is considered a need?
A new car
A clothes dryer
A place to sleep
Lunch at a local Restaurant - ✔✔C
Which of the following factors can influence decisions?
age
values
families
all of the above - ✔✔D
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,Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500
down payment and has already saved $1,300. If he can save $150 each month for this
goal to buy a car, how long will take him to save the entire $2,500?
6 months
8 months
10 months
12 months - ✔✔B
Shaunda wants to buy her grandmother's car to drive back and forth to college nest
year. Her grandmother agrees to sell Shaunda the car for $1,200 in a year. This is an
example of what type of goal?
short term
medium term
long term
financial term - ✔✔B
Any money you receive such as an allowance or paycheck
PYF
emergency fund
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, income
fixed expense - ✔✔C
A predictable amount of money spent to buy something or do something that is the
exact same amount every time
fixed expense
PYF
opportunity cost
spending log - ✔✔A
Saving a certain amount of money to be used for financial goals
income
emergency fund
PYF
fixed expense - ✔✔C
Setting aside money to have on hand for unexpected expenses and events
fixed expense
opportunity cost
emergency fund
100% Pass Guarantee Brittie Donald, All Rights Reserved © 2025 3
Questions and Answers 100% Pass
Florida has no state income tax
True or False - ✔✔A
Which of the following is considered a need?
A new car
A clothes dryer
A place to sleep
Lunch at a local Restaurant - ✔✔C
Which of the following factors can influence decisions?
age
values
families
all of the above - ✔✔D
100% Pass Guarantee Brittie Donald, All Rights Reserved © 2025 1
,Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500
down payment and has already saved $1,300. If he can save $150 each month for this
goal to buy a car, how long will take him to save the entire $2,500?
6 months
8 months
10 months
12 months - ✔✔B
Shaunda wants to buy her grandmother's car to drive back and forth to college nest
year. Her grandmother agrees to sell Shaunda the car for $1,200 in a year. This is an
example of what type of goal?
short term
medium term
long term
financial term - ✔✔B
Any money you receive such as an allowance or paycheck
PYF
emergency fund
100% Pass Guarantee Brittie Donald, All Rights Reserved © 2025 2
, income
fixed expense - ✔✔C
A predictable amount of money spent to buy something or do something that is the
exact same amount every time
fixed expense
PYF
opportunity cost
spending log - ✔✔A
Saving a certain amount of money to be used for financial goals
income
emergency fund
PYF
fixed expense - ✔✔C
Setting aside money to have on hand for unexpected expenses and events
fixed expense
opportunity cost
emergency fund
100% Pass Guarantee Brittie Donald, All Rights Reserved © 2025 3
