Consumerism Test - Monroe County Schools

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Name _______________________Version A26. Jane has $1,000.00 in a savings account. It draws 2% compound interest each year. How muchmoney will she have at the end of 3 years?27. For each of the following checks, write underneath whether it is a blank endorsement, restrictiveendorsement,28. Using the following regulatory committees, fill out the regulatory pyramid.U.S. CongressIndividual brokerage firmsSecurities and Exchange Commission (SEC)NYSE and Other Self – Regulatory Organizations29. Karen, a stockbroker who works for a NYSE member firm, met her friend Janice for lunch. Thetwo friends, who graduated from college together and now live near each other, were alwayslooking for ways to make some money. Today, Janice had a hot tip. “Buy stock in Super Soda –and buy me some too – because it’s about to be taken over by a larger beverage company, FunDrinks, Inc.,” she urged. The following week the stock price soared and the two friends made afortune. Janice worked for an NYSE member firm that provided investment banking advice onthe merger. If this conversation were to be reported, what agencies would get involved?
Name _______________________Version A30. You live in a $150,000 home, with an assessed value of $105,000. The property tax rate is 1.7%.What will the property tax be for your home?31. You buy a Coke, a candy bar and a bag of chips at the local convenience store. Your total is$4.32 before tax. Once the 6% sales tax is added in, how much will you pay?Application (5 points per check)32. Using the transactions provided, fill out the checks that follow.Check # Date To Purpose Amount101 9/01 Athletic Shoe Co. Running Shoes $ 55.63102 9/06 Food Mart Groceries $ 22.36103 9/10 Federal Credit Union Cash withdrawal $ 25.00ATM 9/17 Cash $ 15.00104 9/23 Phone Calls Unlimited Phone bill $ 26.75105 9/28 Energy Plus Utility Electric bill $ 23.00John Smith 101123 Driver AvenueAnycity, Kentucky 01234Date _______________Pay to the order of ______________________________ $__________________________________________________________________________DollarsSouth Central BankFor _________________________________________________________John Smith 102123 Driver AvenueAnycity, Kentucky 01234Date _______________Pay to the order of ______________________________ $__________________________________________________________________________DollarsSouth Central BankFor _________________________________________________________
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Consumerism Test - Monroe County Schools

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