Chapter 3 pre test

Chapter 3 pre test - Title: CHAPTER 3_PRACTICE TEST 1. Your...

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Title: CHAPTER 3_PRACTICE TEST 1. Your Aunt gives you some money for your birthday and you de savings account instead of spending it. The trade-off of not bein money now is this decision's ________ cost. Student Response Value Correct Answer A.fixed 0% B.opportunity 100% C.variable 0% D.transaction 0% E.total 0% Score: 1/1 Comments: 2. Which of the following would most likely be classified as a cur Student Response Value Correct Answer A.monthly balance due on a credit card 100% B.total amount of a mortgage 0% C.balance of a student loan 0% D.total of a home improvement loan 0% E.balance of an auto loan 0%
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Score: 1/1 Comments: 3. Which of the following is (are) typically considered to be a pers Student Response Value Correct Answer A.birth certificate 0% B.marriage license0% C.certificate of deposit 0% D.social security card 0% E.all of the answers 100% Score: 0/1 Comments: 4. An investment account that increases from $3,000 to $3,271 in approximately ___ percent annual interest. Student Response Value Correct Answer A.3 0% B.5 0% C.7 0% D.9 100% E.11 0% General Feedback: $3,271 - 3,000 = $2 (x 100) = 9% Score: 1/1
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Comments: 5. Jeff Willis has a budget that he follows each month. He has use help him determine what he wants to spend each month. At the month, Money automatically compares what he budgeted with w also graph these results if he wants to. What type of budget has Student Response Value Correct Answer A.mental budget 0% B.physical budget 0% C.written budget 0% D.computerized budget 100% E.none of the answers 0% Score: 1/1 Comments: 6. Jonathan Wynn has developed a budget that he follows each mo envelope for each type of expenditure. After he cashes his payc amount of cash in each envelope that he plans to spend on that What type of budget has Jonathan created? Student Response Value Correct Answer A.mental budget 0% B.physical budget 100% C.written budget 0% D.computerized budget 0% E.none of the answers 0%
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Score: 1/1 Comments: 7. The Hernandez family budgets $420 a month for food. Last mo which creates a Student Response Value Correct Answer A.budget surplus of $7. 100% B.budget deficit of $7. 0% C.budget surplus of $420. 0% D.budget deficit of $413. 0% E.balanced budget. 0% General Feedback: $420 - 413 = $7 su Score: 1/1 Comments: 8. A person has $1,250 in liabilities, monthly savings of $200, and of $2,500. What is the person's savings ratio? Student Response Value Correct Answer A.0.52 0% B.0.08 100% C.2.35 0% D.0.16 0% E.12.58 0%
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General Feedback: $200 =/$2,500 = .0 Score: 1/1 Comments: 9. Jamie McFarland has determined that the value of her liquid ass of her real estate is $108,000, the value of her personal possessi value of her investment assets is $73,000. She has also determin current liabilities is $9,500 and the value of her long term liabil Jamie's net worth? Student
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Chapter 3 pre test - Title: CHAPTER 3_PRACTICE TEST 1. Your...

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