GFL State Review #1

Front

Which type of bank account typically offers the least (if any) interest? Options: checking account, savings account, money market account, certificate of deposit

Back

checking account

Front

If there is an issue with your bank statement or account balance, who should you contact to resolve the issue?

Back

Your bank

Front

In addition to needs, what should you plan for first when creating a budget?

Back

recurring expenses

Front

When setting a budget, you can choose to make room for: financial goals, entertainment expenses, charitable donations, all of the above

Back

all of the above

Front

Using a loan could help with the purchase of which of the following? a new television, a dream wedding, a house, airline tickets to your dream vacation

Back

a house

Front

Which option will NOT be available if you are behind on loan payments? Options: You could make a payment. You could borrow money from friends and family to pay your debt. None of the above

Back

You can ask to get out of your loan.

Front

An insurance premium is

Back

the amount of money you pay for an insurance policy

Front

Insurance that covers damage to your car from an accident is called

Back

collision insurance

Front

Which housing option gives you more freedom and more responsibility? Options: leasing a house, borrowing a house, buying a house, housesitting

Back

buying a house

Front

If you make $18.00 an hour and work 40 hours a week, and your deductions equal $132.69, what is your net pay?

Back

$587.31