JA Finance Park - Pre-Test 2019-20

JA Finance Park Pre-Test

Please complete the JA Finance Park Pre-Test BEFORE the JA Finance Park curriculum.

Only ONE attempt to complete the Pre-Test.

Full Name *

First Name Last Name

Date of Birth *

Date Date Picker Icon

Name of school *

Homeroom Teacher Last Name *

What Grade Are You In? *

7th Grade 8th Grade 9th Grade Other

How Many Times Have You Participated In JA In The Past? *

This is my 1st time 1 time 2 times 3 times 4 times 5 or more times

Questions about the Program

Before participating in this program, please answer these questions below.

1. Your abilities include: *

The things you do well Your mental competence the skill you need to do something All of the above

2. Career planning is done: *

After high school In college Throughout a lifetime Once in a lifetime

3. What are the three main types of taxes: *

Income, sales and property Unemployment, sales and property Federal income, unemployment and state State, property and unemployment

4. The total amount of earning made over a one-year period after all deductions have been taken is: *

Gross annual income Gross monthly income Net annual income Net Monthly income

5. When it comes to personal savings, what does the acronym PYF stand for?: *

Prepare Your Future Prepare Your Finances Pay Yourself First Prepay Your Finances

6. A saver who wants her savings insured by the FDIC (Federal Deposit Insurance Corporation) wants to us this savings option: *

Stocks Bonds Mutual Funds Savings Account

7. Protection against risk is the primary reason people purchase this type of policy: *

Auto Insurance Health Insurance Home Insurance All of the above

8. An example of a financial institution is: *

A Department Store A Bank A School An ATM Machine

9. Which of the following statements is Not correct?: *

A debit card allows for an immediate electronic transfer of money from a cardholder's savings or checking account. A debit card is essentially a paper check but doesn't require the processing time a check does. A debit card is handy in an emergency when you don't have the money to spend. A debit card is a pay-now payment type with no grace period for payment.

10. Lenders use credit agencies to determine *

An applicant's credit score An applicant's credit history Whether an applicant has any outstanding debts or defaults All of the above

11. The amount of earning made over one month, after deductions, is known as: *

Total annual income Net monthly income Gross monthly income Gross annual income

12. A record of income and expenditures for a given period of time is called a(an) *

Credit Investment Budget Interest

13. When budgeting, the first categories to consider are those that meet your: *

Wants Needs Discretionary funds Important expenses

JA Finance Park - Pre Test 2019-20