24/25 Personal Finance Final Exam

24/25 Personal Finance Final Exam

Assessment

Flashcard

Financial Education

9th - 12th Grade

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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