Unit Test — Unit test Answers

25 verified answers

Which educational institutions typically cost the most to attend?

vocational schools

community colleges

public universities

private colleges

When a person invests income, he or she

spends no money in the short term and saves it all for the long term.

uses money in a way that will increase its value in the future.

spends income only on essential needs such as housing.

cuts out all discretionary spending for a set period to save money.

At what point does buying in bulk stop being a wise spending choice?

when the consumer has a lot of space to store bulk items

when costs rise too quickly due to demand

when bulk items are not on sale anymore

when the consumer buys more than is needed

If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is

2 percent.

4 percent.

6 percent.

8 percent.

What do financial planning skills ultimately enable an individual to do?

to prepare for the future

to process their own tax returns

to stop spending

to become wealthier without saving money

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