GFL State Review #9

Front

Why is it important to reconcile your bank statements?

Back

To avoid spending more than what is in your account, To detect any errors in your account, To determine if you were charged any fees.

Front

A deductible is paid by the

Back

policyholder

Front

A mutual fund is _____?

Back

A type of investment that invests in a mix of different types of investments.

Front

The more tax allowances you claim on your Form W-4

Back

the larger your paycheck will be.

Front

John needs $3,000.00 and is withdrawing the money today from a $3,000.00 certificate of deposit (CD) which will reach maturity in 6 months. What is likely to happen?

Back

Pay the bank a penalty for early withdrawal

Front

If a driver receives several traffic tickets, the cost of the car insurance will probably

Back

Increase

Front

Which of the following financial products has the highest risk?
Checking accounts,
Certificates of deposit (CDs),
Savings accounts,
Stocks

Back

Stocks

Front

The money put into this type of account has already had taxes taken out.

Back

Roth IRA

Front

Saul put $1500 in his savings account at 4.5% interest. 6 years later, how much interest has he earned?

Back

$405

Front

A scholarship is...

Back

Money awarded based on academic or other talent/achievement which does not require repayment