2015 - 2016 School Year Money Matters Pre Test Question Title * 1. Member Number? XXXXXX Question Title * 2. First and Last Name Question Title * 3. Which Club Do You Attend? Marjorie S. Fisher Boys & Girls Club (20) Neil S. Hirsch Family Boys & Girls Club (30) Max M. Fisher Boys & Girls Club (40) Naoma Donnelley Haggin Boys & Girls Club (50) Belle Glade Teen Center (60) Florence De George Boys & Girls Club (70) Boys & Girls Club of Boca Raton (80) Select ONE answer for each of the following questions. Question Title * 4. Which of the following is a “need” rather than a “want”? A designer sweater Money to pay for your school lunch A new video iPod A new CD by your favorite band Question Title * 5. What is a budget? A plan for how to spend the money you receive A check register The interest you pay on a loan A document required to get a mortgage or a loan Question Title * 6. How much of their income should someone save each month? 1 percent 5 percent 10 percent 20 percent Question Title * 7. Buying stock means that you are: Buying part of a company Lending money to a company Making a real-estate investment with a company Paying interest to a company Question Title * 8. Which of the following are alternative ways to pay for college? Federal work study Student loans Private scholarships All of the above Question Title * 9. Which of the following is NOT true about credit cards? Interest rates vary widely If you pay the minimum required each month, you won’t pay any interest Many require an annual fee Some credit cards give you rewards Question Title * 10. Successful entrepreneurs usually: Dislike taking chances with their future Are good at setting and meeting goals Do not like working alone Enjoy a structured work environment Done