Help On Consumer Skills Class (15 Questions) . Need to pass it in order to start making money. Please?

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1. The health care plan that has the main advantage that you will still have coverage even if you go outside the plan is a/an
a. Fee-for-service plan
b. HMO
c. PPO
d. POS


2. The formula for calculating simple interest is Principal X Rate X Time = Interest, where
a. Principal = the amount of money earned on the amount deposited
b. Rate = the amount of money deposited
c. Time = the number of months, years, etc., that money is deposited
d. Interest = the amount paid on each dollar saved during a time period


3. If you want a new car every few years, the best option is
a. Borrowing against the cash value of a life insurance policy to purchase your automobiles
b. A lease
c. A loan via the car dealership
d. None of the above


4. Joe Smith is paid on the first and fifteenth of each month and receives 24 paychecks each calendar year. His pay period is
a. Biweekly
b. Monthly
c. Semi-monthly
d. Weekly


5. Popular electronic funds transfer (EFT) features include
a. Automatic transfer of funds, allowing you to pre-authorize the bank to pay certain bills on a regular basis
b. Direct deposit of payroll and Social Security checks
c. Automated teller machines (ATMs), where you insert your plastic ATM card that looks like a credit card, and enter your personal identification number (PIN).
d. All of the above


6. Every check is identified by
a. The number of the bank on which it is drawn.
b. The Federal Reserve number (routing number).
c. The customer’s account number.
d. All of the above.


7. Part of the wages that an hourly employee in a service industry earns, such as waiting tables in a restaurant or driving a taxicab, are also called
a. Commissions
b. Piecework
c. Salary
d. Tips


8. The fixed expenses of owning and maintaining a car include
a. Gasoline and oil
b. Tune-ups
c. Tires
d. Insurance


9. Usury laws limit the
a. Highest credit score possible to no more than 800
b. Number of years a bankruptcy can stay on a credit record
c. Percentage of commission a pawnbroker may take from the sale of goods
d. Rate of interest a lender may charge


10. The most common type of resume is the
a. Application resume
b. Chronological resume.
c. Data resume.
d. Networking resume.


11. The health insurance required by state governments for employees who suffer injuries or illness as a result of their working conditions is called
a. Portable health insurance
b. Supplementary Security Income Benefits (SSI)
c. Unemployment insurance
d. Workers’ compensation


12. Advantages of owning a home include all of the following EXCEPT
a. Improvements increase the value of the property
b. Privacy and freedom
c. There is usually no down payment required
d. You can use home equity as collateral for a loan


13. When using traveler’s checks,
a. You sign them in front of the agent issuing them
b. You must sign the check a second time in the presence of the person receive the check and present identification
c. If you provide the list of serial numbers of the checks and identification in case they are lost or stolen, they will be replaced immediately
d. All of the above


14. To prepare for a job interview, you should
a. Take some friends with you for moral support.
b. Make sure to tell the interviewer all the things you did not like about your previous jobs.
c. Chew gum or smoke if needed to keep yourself calm.
d. Get plenty of rest the night before so you’ll be at your best physically and mentally.


15. Sources of work satisfaction include
a. Money
b. Prestige
c. Security
d. All of the above