Term
| Susan is going to obtain a loan to buy a stereo system. This is an example of which economic activity? |
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Definition
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Term
| The Hayes family puts aside $50 every month for unexpected emergencies. When Mr. Hayes lost his job, the family was glad to have this money to pay bills until he could find a new job. This illustrates: |
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Definition
| forming the habit of saving regularly |
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Term
| Nancy works in a restaurant where she receives tips. Receiving tips is an example of which economic activity? |
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Definition
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Term
| Which is an example of saving |
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Definition
| Mary put money in a bank account |
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Term
| Which is an example of a typical income for a teen in a parenting family? |
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Definition
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Term
| Which is a variation of the typical family life cycle? |
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Definition
| A couple have decided not to have children |
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Term
| Individuals who have gained more educational training are MORE LIKELY to have |
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Definition
| higher estimated lifetime earnings |
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Term
| Jason has $500 in a savings account. He should list this on his balance sheet as a(n): |
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Definition
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Term
| Karen owes her grandmother $85. She should list this on her balance sheet as a(n): |
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Definition
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Term
| The Haleys calculated that it would take 30 years to double the money they invested in a retirement account. Which rule for saving and investing does this BEST illustrate? |
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Definition
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Term
| Mattie is ready to begin filling out a job application form. What should Mattie do first? |
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Definition
| Read the entire form carefully |
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Term
| Erin has an interview for a position at an investment firm. What should Erin wear? |
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Definition
| Conservative shoes and jewelry |
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Term
| Don has just finished an interview with the personnel department at a local office. What should he do? |
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Definition
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Term
| Which is a way to protect personal identity while making an online purchase? |
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Definition
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Term
| Which is an example of ways thieves steal credit card numbers? |
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Definition
| Use technology to capture credit card number from magnetic strip |
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Term
| Jane arrived fifteen minutes early for her interview at the hospital and entered the waiting room. What should Jane do? |
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Definition
| Introduce herself to the receptionist |
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Term
| Sharon's salary is deposited each month on the twenty-eighth by her employer into her bank account. What form of payment for work is this? |
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Definition
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Term
| Ben's receives his wages every week in a paper document showing pay deductions on the stub. What form of payment for work is this? |
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Definition
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Term
| Kara is comparing the estimated value of the make, model, and year for three different used cars. Which type of pricing is this? |
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Definition
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Term
| Allison purchased a used car "as is" at an auction. What is MOST LIKELY true of Allison's new car? |
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Definition
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Term
| Fred put 5% of his earnings into an interest-bearing savings account each month. For Fred, this illustrates which benefit of saving? |
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Definition
| Can be used to earn additional income |
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Term
| Which is an example of a typical expense for an adult in a launching family? |
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Definition
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Term
| A career as a professional athlete involves travel during most of each playing season. This is an example of: |
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Definition
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Term
| Which type of information found in The Occupational Outlook Handbook can be accessed through the internet? |
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Definition
| Potential earnings for a career |
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Term
| Rose is getting ready to fill out a job application form. What does she need in order to start? |
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Definition
| information on past employment |
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Term
| John is getting ready to fill out a job application form. What does he need in order to start? |
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Definition
| permission to use people as references |
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Term
| Ben receives a prepaid card for his salary and uses the card to get cash at an ATM machine. What form of payment for work is this? |
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Definition
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Term
| Danny's new employer instructed him to come by the office and complete an Employee's Withholding Allowance Certificate. What type of form is this? |
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Definition
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Term
| Janet's accountant asked her to provide a copy of her Wage and Tax Statement as soon as she receives it from her employer. What type of form is this? |
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Definition
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Term
| Lisa and Luke are preparing to move to a new city where Luke will begin a new job. Until Lisa can find employment, they need to watch their budget carefully. Which housing want or need should they consider when selecting housing? |
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Definition
| Cost of rent and utilities |
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Term
| The Abbots checked to be sure the apartment house laundry room was clean and functioning well before they signed a lease to rent. Which part of the rental property is being inspected? |
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Definition
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Term
| A computer hacker transferred money from Shirley's bank account to the hacker's account. What financial transaction method was MOST LIKELY used? |
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Definition
| Electronic funds transfer |
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Term
| Evan warned his father not to leave his bank statements in the mailbox. What form of identity theft is he seeking to avoid? |
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Definition
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Term
| What do saving and investing have in common? |
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Definition
| Both are good ways to prepare for later years of life. |
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Term
| Since Gloria was laid off from her job and is having trouble paying her bills, she puts no money into savings. This is an example of which reason individuals fail to save and invest? |
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Definition
| Inability to pay current expenses |
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Term
| Haley just finished listing her financial goals and wants to determine her net worth. Haley needs to prepare a(n): |
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Definition
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Term
| Lily ran out of cash before getting paid for each of the past three pay periods. In order to take a closer look at her recent monthly earnings and spending, Lily needs to prepare a |
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Definition
| income and expense statement |
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Term
| Jane's landlord signed an agreement to allow her to sublet her apartment if needed. What type of document is this? |
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Definition
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Term
| The Mabreys decided the price, characteristics, age, and size of home they are looking for. Which step in purchasing a home is this? |
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Definition
| Find an appropriate home to meet your needs |
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Term
| The Fultons sold the home in which they were currently living while the owner completed repairs to the home they would purchase. Which step in purchasing a home is this? |
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Definition
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