Deca / Personal Financial Literacy Exam Click for another question | Answer more questions in a practice test Each pay period, Luke's employer takes a set amount of money out of his paycheck to help the business pay for group insurance that lowers the costs associated with doctor visits, x … In order for the, Many companies offer a service to electronically deposit an employee's net pay into his, When a person cashes a $300 check and only receives $285, she most likely went to a/an, Pay for purchases directly from a checking or savings account, The highest interest rate on a loan is charged by a, When a person asks her bank not to honor a specific check, it is called. C. conserving a resource. Personal Financial Literacy FL DECA CDC 2018 Team 60 FL DECA WITH DISTINCTION FOR TESTING-blue ribbon FL DECA WITH DISTINCTION FOR ROLE PLAY. The Personal Financial Literacy Event is designed to measure the student’s ability to apply reliable information and systematic decision making to personal financial decisions. Items have been randomly selected from the MBA Research Center’s Test-Item Bank and represent a variety of instructional areas. Each of these events have been categorized into the career clusters of marketing, business management and administration, finance, hospitality and tourism, as well as personal financial literacy and entrepreneurship. Clusters will be assigned specific time slots one week prior to the exam. Test 1146 PERSONAL FINANCIAL LITERACY 4 26. …. If a car was damaged in a flood, which type of car insurance would typically cover the damage to. Wages C. Interest D. Dividends 27. She wants to save the money for, Certificate of deposit (CD), because it generally earns higher interest, John needs $3,000. scores may be based on the oral and test scores OR the test score only, as determined by the DECA Ontario Board in conjunction with the Regional committees 5. ... PFL – Personal Financial Literacy. (i.e. Determine the dollar value of personal property to be covered by insurance, Car insurance is more expensive for teenage males than teenage females because studies have, Male teenagers have a greater number of accidents than female teenagers, A person had an Apple computer that was destroyed in a fire. PLAY. Which of the following would be considered an asset? all Oral event competitors write the Regional online test and qualify based on weighted-average scores of team members; All Entrepreneurship and ALL DECA 10+ page papers, Integrated Marketing Events (IMCP, IMCS, IMCE), Professional Selling & Consulting Events (FCE, HTPS, PSE) do … DECA > > > > > > Marketing Research and Applications NIPMUC National Business Honor Society PRINCIPLES EVENTS FINANCIAL LITERACY PROJECT (PMFL) financial_literacy_promotion_project_2012.pdf ... financial_literacy_promo_proj_2018.pdf: File Size: 6770 kb: File Type: pdf: Smaller chapters can write in ONE sitting (i.e. This is an example of which form of income: A. In response to the 2010 Ministry of Education Working Group on Financial Literacy report that identified the importance of financial literacy education in supporting the success of all students, the School of Accounting and Finance (SAF) has established the Financial Literacy Competition to assist in educating and promoting financial responsibility. at the York Regional, the ACT lowest qualifying score was 138 while the lowest qualifying score in Toronto is 168. Students usernames will be the email address that was used to register with DECA Ontario. Write. A descriptive test key, including answer rationale, has been ... Posted online July 2016 by DECA … from $ 10.00 $ 15.00. When registering for your events, the students are slotted into events and need to be balanced. This event is ideal for DECA members who are enrolled in personal finance and financial literacy courses. A computer scam that uses spam or pop-up messages to deceive consumers into disclosing their, The maximum amount of money a person can borrow is called a credit. Fatskills is a global online study tool with 11000+ quizzes, study guides, MCQs & practice tests for all examinations, certifications, courses & classes - K12, ACT, GED, SAT, NCERT, NTSE, IIT JEE, NEET, SSC, math tests, social studies, science, language arts, and more test prep. They work at the same company and, Eric will pay less because the truck is collateral for the loan, An arrangement to receive cash, goods or services now and pay for them in the future is called, The rate imposed by the lender for the borrower to pay on a loan is known as, The possibility that a borrower fails to repay a loan on time and will never be able to repay the, When applying for a loan, borrowers will probably need to provide information regarding their, A person purchases $2,500 of furniture from XYZ Department Store. THE PERSONAL FINANCIAL LITERACY EXAM IS USED FOR THE FOLLOWING EVENT: PERSONAL FINANCIAL LITERACY PFL These test questions were developed by Working in Support of Education (w!se). Created by. Why do financial advisors recommend that a person save at least 10% of each paycheck? No worries! Additionally, he had $1,000 in interest income and, Buying concert tickets instead of buying a textbook for a course, A person strongly feels that going into debt is wrong. Her net worth is, Don and Bill work together in the finance department of the same company and earn the same, Bill will likely make more money because he is more valuable to his company. Back to Top. Putting $100 in a savings account today and earning 4% interest over the next year illustrates the concept of A. principal modification. DECA competition includes three levels: district, state, and international. Which of the following would be the, The stock price of a corporation is most likely to increase when the corporation announces a, A method of reducing investment risk is known as, Profit from the sale of stocks, bonds, or real estate is called, A company that sells shares of ownership through a stock exchange to investors is a, One of the main reasons for buying a stock mutual fund is that it is, Investments with greater potential returns generally have higher. One reason investors purchase stock is to, Before a person begins investing, he should have, A meeting with a licensed financial planner/advisor, The New York Stock Exchange (NYSE) can be described as a, Marketplace where stocks are bought and sold, A person wants to invest in a low-risk investment product. ... Open Resource. Money received today is worth more than the same amount of money received in the future, When a person receives a book store gift card, she can use it to, A person who dies will have his assets distributed as he wanted as long as he has, A person has assets worth $15,000 and loans totaling $5,000. Please use extreme care when completing this form to ensure your student is ticketed for the correct exam. You make money decisions pretty much every day of your life. The Personal Financial Literacy Event is designed to measure the student’s ability to apply reliable information and systematic decision making to personal financial decisions. How should a person decide how much coverage she needs when selecting renters insurance? Which of the following can help a person lower her personal risk of loss? do’s and dont’s of personal financial literacy. These questions from the Global Finance Literacy and Excellence Center each asses 1 key personal finance concept. The Texas Education Code (TEC) requires instruction in personal financial literacy in K-8 mathematics instruction and in one or more courses offered for high school graduation. Clusters will be assigned specific time slots one week prior to the exam. If a person is behind on his debt payments and goes to a responsible credit counseling service, They can work with those who loaned him money to set up a realistic payment schedule, Scott and Eric are young men with good credit reports. Spell. The larger the down payment, the lower the principal, An example of identity theft is when an individual, Uses another person's information to open an account, It is generally a good idea to borrow money and repay the amount borrowed with future income, A person needs to buy a car to get a much better paying job. Before making a decision to buy the newest cell. Which of the following is an example of a long-term debt? Noah_Thurber. [/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_btn title=”Raw Scores of Online Practice Test portal” color=”green” size=”lg” link=”url:http%3A%2F%2Fwww.deca.ca%2Fdocuments%2FPractice_Test_Counts_%26_Scores.xls||target:%20_blank|”][vc_btn title=”2020 2021 Exam Blueprint” color=”peacoc” size=”lg” link=”url:https%3A%2F%2Fwww.deca.org%2Fwp-content%2Fuploads%2F2020%2F06%2FDECA-2020-HS-Exam-Blueprints.pdf||target:%20_blank|”][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=”yes”][vc_column_inner width=”1/4″][vc_btn title=”Marketing Cluster” color=”danger” size=”lg” align=”center” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Fwww.deca.org%2Fwp-content%2Fuploads%2F2018%2F10%2FHS_Performance_Indicators_Marketing_Cluster.pdf||target:%20_blank|”][vc_column_text]AAM, ASM, BSM, BTDM, FMS, MCS, MTDM, RMS, SEM,  STDM[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text], [/vc_column_text][vc_btn title=”Business Management Cluster” color=”mulled-wine” size=”lg” align=”center” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Fwww.deca.org%2Fwp-content%2Fuploads%2F2018%2F07%2FHS_Performance_Indicators_Business_Mgmt_Cluster.pdf||target:%20_blank|”][vc_btn title=”Finance Cluster” color=”success” size=”lg” align=”center” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Fwww.deca.org%2Fwp-content%2Fuploads%2F2018%2F07%2FHS_Performance_Indicators_Finance_Cluster.pdf||target:%20_blank|”][vc_column_text], [/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″ css=”.vc_custom_1531966393223{padding-top: 15px !important;}”][vc_column_text], [/vc_column_text][vc_btn title=”Personal Financial Literacy” color=”vista-blue” size=”lg” align=”center” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Fwww.deca.org%2Fwp-content%2Fuploads%2F2015%2F08%2FHS_Financial_Literacy_Performance_Indicators.pdf||target:%20_blank|”][vc_btn title=”Hospitality Cluster” color=”warning” size=”lg” align=”center” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Fwww.deca.org%2Fwp-content%2Fuploads%2F2018%2F07%2FHS_Performance_Indicators_Hospitality_Cluster.pdf||target:%20_blank|”][vc_column_text], [/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text], [/vc_column_text][vc_btn title=”Entrepreneurship Cluster” color=”peacoc” size=”lg” align=”center” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Fwww.deca.org%2Fwp-content%2Fuploads%2F2017%2F07%2FHS_Entrepreneurship_Performance_Indicators.pdf||target:%20_blank|”][vc_btn title=”Business Administration Core” size=”lg” align=”center” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Fwww.deca.org%2Fwp-content%2Fuploads%2F2017%2F10%2FHS_Performance_Indicators_Business_Admin_Core.pdf||target:%20_blank|”][vc_column_text], [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row” parallax=”content-moving” parallax_speed_bg=”5″ css=”.vc_custom_1531966764036{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 70px !important;padding-bottom: 70px !important;background: #252525 url(https://deca.ca/v2/wp-content/uploads/2018/07/tn_2013-DECA-Anual-Business-Competition-38.jpg?id=7384);}”][vc_column width=”1/4″][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_tta_tabs color=”blue” active_section=”1″][vc_tta_section title=”More Information” tab_id=”1531966770975-8dce2dc7-fdd2″][vc_column_text], [/vc_column_text][/vc_tta_section][vc_tta_section title=”Results” tab_id=”1531966770976-3459b5ad-2f5c”][vc_column_text], [/vc_column_text][/vc_tta_section][/vc_tta_tabs][/vc_column][/vc_row], Talk to your Chapter Advisor for location. This is an example of the influence of. DECA, Inc.'s competitive events consist of role plays events, written events, and online virtual business challenges. STUDY. The H&R Block Is this a good, Yes, because the money in the emergency account can be used if he loses his job, Students applying for financial aid to attend college usually need to, Complete a Free Application for Federal Student Aid (FAFSA) form, A person choosing a mortgage usually selects a fixed-rate loan because she knows that, The interest rate remains the same for the life of the mortgage. Which of the following helps to build a strong credit history? This is a broader test that measures their ability to earn money and manage their personal finances. State Community Service Project. Deca is the key word for insurance companies when establishing the cost a. Be able to make smart decisions when handling money handling money the Regional. 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