JA Finance Park - Pre-Test 2021-2022

JA Finance Park - Pre Test 2021-2022
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 NameLast Name
Date of Birth*

MonthDayYear
Date
Name of school*
Homeroom Teacher Last Name*
What Grade Are You In?*

7th Grade8th Grade9th GradeOther
How Many Times Have You Participated In JA In The Past?*

This is my 1st time1 time2 times3 times4 times5 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 wellYour mental competencethe skill you need to do somethingAll of the above
2. Career planning is done:*

After high schoolIn collegeThroughout a lifetimeOnce in a lifetime
3. What are the three main types of taxes:*

Income, sales and propertyUnemployment, sales and propertyFederal income, unemployment and stateState, property and unemployment
4. The total amount of earning made over a one-year period after all deductions have been taken is:*

Gross annual incomeGross monthly incomeNet annual incomeNet Monthly income
5. When it comes to personal savings, what does the acronym PYF stand for?:*

Prepare Your FuturePrepare Your FinancesPay Yourself FirstPrepay Your Finances
6. A saver who wants her savings insured by the FDIC (Federal Deposit Insurance Corporation) wants to us this savings option:*

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

Auto InsuranceHealth InsuranceHome InsuranceAll of the above
8. An example of a financial institution is:*

A Department StoreA BankA SchoolAn 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 scoreAn applicant's credit historyWhether an applicant has any outstanding debts or defaultsAll of the above
11. The amount of earning made over one month, after deductions, is known as:*

Total annual incomeNet monthly incomeGross monthly incomeGross annual income
12. A record of income and expenditures for a given period of time is called a(an)*

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

WantsNeedsDiscretionary fundsImportant expenses
Should be Empty:

JA Finance Park - Pre Test 2021-2022