eQuizShow

JTC Proficiency Post Test

Column 1

Question: True or False: Anyone can do any job as long as he or she decides to do it.
Answer: FALSE

Question: Part time on the job learning experiences that reinforce classroom instruction. This usually is without pay.
Answer: internship

Question: a supporting or additional area of study a post secondary student chooses is called?
Answer: minor

Question: What is the best way to avoid credit card debt?

A. keep making purchases on your credit card
B. paying in full and on time
C. paying your bill every other month
Answer: B. paying in full and on time

Question: What do IRAs , Roth IRAs, 401ks and 403bs have in common?

A. all are combinations codes on bank vaults
B. all are long term savings accounts for retirement
C. all are checking accounts that you sign up for at a local bank
Answer: B. all are long term savings accounts for retirement

Column 2

Question: True or False: The average person in the United States spends more time doing work activities than any other type of activity.
Answer: TRUE

Question: A test that assesses high school students' general education development and their ability to complete college level work is called?
Answer: ACT

Question: Another name for "fun" classes is?
Answer: electives

Question: When it comes to savings, a good rule of thumb is to always

A. keep most of your cash in the safety of your home
B. pay yourself first
C. choose the savings account that has the lowest interest rate
Answer: B. pay yourself first

Question: What is the penalty for using the ATM of another bank?

A. your bank and the other bank might charge you a fee
B. you can't use another bank's ATM
C. your bank closes your account
Answer: A. your bank and the other bank migh charge you a fee

Column 3

Question: True or False: Most careers in the future will require more than a high school education.
Answer: TRUE

Question: Grade Point Average. The points received for the grade earned. Points are totaled then averaged is called?
Answer: GPA

Question: General equivalency diploma that certifies high school equivalent skills in writing, literature, social studies, science and math is called?
Answer: GED

Question: Why is your credit so important?

A. it heavily influences your approval for bank loans and credit cards.
B. it determines how much you will have to pay the government in taxes.
C. a credit score is important only for businesses and not for individuals.
Answer: A. it heavily influences your approval for bank loans and credit cards.

Question: What is the difference between renting and leasing?

A. renting is paying a fee to the owner of a property; leasing is paying a fee to the holder of a loan
B. renting gives you total control over the property rented; leasing does not
C. nothing; they mean basically the same thing
Answer: C. nothing; they mean basically the same thing

Column 4

Question: True or False: Just wait- the right job opportunity will come your way.
Answer: FALSE

Question: A 3.0 GPA is roughly what average?
Answer: a "B" average

Question: Using a credit card for living expenses is...

A. good idea
B. bad idea because it looks bad on your credit score
C. godd idea because you don't have to pay for them if they are below a certain amount
D. bad idea because they can pile up and end up costing you more than original purchase prices
Answer: D. bad idae because they can pile up and end up costing you more than original purchase prices

Question: The effect of time on interest

A. increases the total amount
B. decreases the total amount
C. doesn't change the total amount
Answer: A. increases the total amount

Question: If you plan on moving after a year, your best option would probably be to ____

A. buy a home
B. rent a home
C. lease a car
Answer: B. rent a home

Column 5

Question: True or False: The majority of people spend their adult lives in the same career.
Answer: FALSE

Question: An area os study in which a post secondary student receives a degree is called?
Answer: major

Question: A plan for how you will spend the money you earn or receive is called?
Answer: budget

Question: Historically, real estate is usually an example of ______ asset.

A. appreciating
B. depreciating
C. self- depreciating
Answer: A. appreciating

Question: On what type of account are you allowed to make six withdrawals per month without being penalized?

A. money market
B. savings
C. retirement account
Answer: A. money market