Unit Test — Unit test Answers

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Dimitri’s family is shopping for new flooring for their house. They know they want flooring that is pet friendly and eco-friendly. After looking at the features of different types, they decide on bamboo. As thoughtful consumers, what should be the next step in their decision-making process?

deciding when and from where to buy the bamboo flooring

comparing the quality and prices of different bamboo flooring

researching what kinds of flooring are pet friendly and eco-friendly

evaluating their purchase and writing a review to help other consumers

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Seb wants to prioritize his spending to save money for his class trip.

apply for another job to increase his income

recognize that he cannot afford to go on the class trip

list his expenses in order of importance

cut some of his wants from his overall expenses

What is the wealth gap?

the difference in price between wants and needs

the uneven distribution of money in society

the balance between salary and expenses

the increasing cost of higher education

What is the definition of an asset?

a promise to pay off a loan

property that a person owns

the interest rate on a loan

a person who borrows money

What major expense is part of attending a four-year college?

hands-on training

room and board

scholarships

apprenticeships

Yamuna is interested in investing money but wants to make sure that most of it will be available soon so she can buy a car. What is the best low-risk investment choice for her?

certificate of deposit

mutual fund

education account

stocks

Gavin has a credit card but keeps it stashed away in a safe, so he does not use it. How is it still an advantage for him to have it?

It lets him afford nicer things.

It helps him earn extra income.

It could be useful in an emergency.

It can be used to buy a home.

What is the purpose of a savings account?

to keep money now to be used later

to avoid the need for a budget

to prioritize spending

to pay for fixed expenses

How does the Energy Star program help consumers?

It requires products made in the United States to be energy efficient.

It tells whether products are made with eco-friendly materials.

It provides information on any hazardous materials in a product.

It indicates the environmental impact of using certain products.

A bachelor’s degree is awarded for successfully completing

active duty service in the military.

an apprenticeship in an entry-level job.

a four-year college program.

a two-year community college program.

Review the table.

guitar lessons

food delivery

video games

rideshare fees

What is the purpose of the GI Bill?

to provide military training

to help pay for college

to assist with unemployment

to give a salary to soldiers

Anika wants to eat products that contain less sugar. So, she studies nutrition labels like this one to decide what to buy.

Nutrition advocates add the information to product packaging.

Food companies provide these details to comply with local laws.

Food companies decide on their own to provide the information.

Federal laws require this information to help inform consumers.

What is a clue that a website might be selling counterfeit products or trying to scam consumers?

It has a high number of visitors.

It sells sporting goods or toys.

It has blurry images and low prices.

It sells clothes, cosmetics, or games.

Levi applies for a number of credit cards. Soon he has large balances on all of them and makes only the minimum payments. How could this affect him?

Lenders could take his home.

Lenders could offer to erase his debt.

Lenders could avoid giving him more credit.

Lenders could reward him with higher credit limits.

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Unit Test — Unit test Answers

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