Which of the following is a correct statement about Jimmy Carter?
a
He was the only Georgian to serve as president of the United States.
b
He established Georgia's first permanent system of education.
c
He was the first Georgian to serve on the Supreme Court.
d
He established the HOPE Scholarship.
a. He was the only Georgian to serve as president of the United States.
Which event disrupted the 1996 Olympics?
a
There was a bomb explosion.
b
There was an attempted assassination of the president.
c
The United States failed to win any event in track and field.
d
The games were brought to a standstill because of a strike.
a. There was a bomb explosion.
Which legislator helped bring the 1996 Summer Olympics to Atlanta?
a
Jimmy Carter
b
Lester Maddox
c
Andrew Young
d
Maynard Jackson
d. Maynard Jackson
What 1996 event brought an economic boom to Atlanta, Georgia?
a
World's Fair
b
Olympic Games
c
Million Man March
d
Republican Convention
b. Olympic Games
Which of the following best states why Georgia’s business leaders wanted to host the Olympics?
a
To enjoy the games in their home state.
b
To show the world that Atlanta, Georgia is a city for international business.
c
To make money for themselves.
d
To provide education opportunities for Georgia’s children.
b. To show the world that Atlanta, Georgia is a city for international business.
During the late 1900s, where did the majority of population growth in Georgia occur?
a
coastal areas
b
farming communities
c
metropolitan areas
d
military bases
c. metropolitan areas
Groceries and rent are examples of…
a
assets
b
essential expenses
c
personal income
d
loans
b. essential expenses
Which of these is NOT an example of income?
a
mortgage
b
interest
c
salary
d
monetary gifts
a. mortgage
What is the amount of money that a person takes in over a specified period of time?
a
budget
b
credit
c
income
d
expense
c. income
Which statement is true of a household budget?
a
Essential expenses should be reduced.
b
Interest should not be calculated as income.
c
Income should be more than expenses.
d
Variable expenses should be removed.
c. Income should be more than expenses.
Which statement describes a variable expense?
a
Chrystal pays $120 each month for access to high-speed internet at her house.
b
Gemma’s mortgage payment is exactly $784.56 every month.
c
John makes an $89 payment each month on his new mobile phone.
d
Mia’s electricity bill total depends on how much electricity she uses each month.
d. Mia’s electricity bill total depends on how much electricity she uses each month.
Why is it important to save money?
a
If you have money in savings, you won’t be charged interest on your loans.
b
If you save money now, you will have multiple bankruptcy options in the future.
c
Saving money allows you to pay for expensive goods and services in the future.
d
Saving money is a requirement once you start earning a regular salary.
Why is it important to save money?
a
If you have money in savings, you won’t be charged interest on your loans.
b
If you save money now, you will have multiple bankruptcy options in the future.
c
Saving money allows you to pay for expensive goods and services in the future.
d
Saving money is a requirement once you start earning a regular salary.
c. Saving money allows you to pay for expensive goods and services in the future.
How does the amount of money in your savings account grow over time?
a
Banks who are insured through FDIC add money to your savings account each month.
b
Money from your checking account is automatically moved into your savings account every month.
c
Money in your savings account earns a certain amount of principal each year.
d
You can earn interest on the money you keep in your savings account.
d. You can earn interest on the money you keep in your savings account.
Mortgage payments and student loans are examples of…
a
assets
b
credit
c
collateral
d
income
b. credit
Which statement describes a risk of taking on debt?
a
It allows you to buy things now and pay later.
b
It does not affect your credit score if you pay it off in a timely manner.
c
It could affect your ability to take out other loans.
d
It might result in the interest rates on other loans to increase.
c. It could affect your ability to take out other loans.
What is the word for a fee based on a percentage of money borrowed?
a
collateral
b
credit
c
debt
d
interest
d. interest
Which term describes the situation faced by people who cannot repay their loans?
a
bankruptcy
b
collateral
c
credit
d
interest