24/25 Personal Finance Final Exam
Flashcard
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Hard
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104 questions
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1.
FLASHCARD QUESTION
Front
What is the only way to pay no interest on credit card purchases?
Back
Pay the full balance on time every month.
2.
FLASHCARD QUESTION
Front
If you cannot pay the full balance on a credit card you should ..
Back
Pay as much as you can over the minimum
3.
FLASHCARD QUESTION
Front
In general, as your credit score increases, the interest rate you will be charged for a new loan ..
Back
Decreases
4.
FLASHCARD QUESTION
Front
When it comes to investing, any risk is bad.
Back
False
5.
FLASHCARD QUESTION
Front
Why is it best to start investing when you are young?
Back
Your money has a long time to grow, so even a smaller amount can get big.
6.
FLASHCARD QUESTION
Front
What does the federal government do to encourage you to invest for your retirement?
Back
Gives you tax breaks.
7.
FLASHCARD QUESTION
Front
You can tell how a company's stock will perform in the future if you study how they have done in the past and lately.
Back
False
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