Unit Test — Unit test Answers

When there is a high degree of risk to an investment opportunity there is a greater chance for the investor to __________.

Each of the following is an example of a flexible expense EXCEPT:

Credit unions differ from retail banks because they are

Explain the difference between simple interest and compound interest.

Each of the following is a tip for saving EXCEPT:

Marcus deposited his paycheck in the amount of $625.84. He’ll use the check register to record his transaction. What will be his new balance? Do not use commas in your answer. $

Fiona wrote a check to the veterinarian for $89.56. She’ll use the check register to record her transaction. What will be her new balance?

Describe what needs to be considered when setting up an estimated budget.

Look at the table below showing an example of a checkbook ledger.

Aliyah made a payment in the amount of $47.93. She’ll use the check register to record her transaction. What will be her new balance? Do not use commas in your answer.$

In which column on a check register should the total current amount in the account be entered?

Interest on an investment is considered

Long-term goals require __________ money and __________ effort than short-term goals.

Which is the best question for Joe to ask himself when deciding whether to open a checking or savings account?

Explain why it is important to save.