Personal Finance Final Review

Front

What type of banking institution is owned by shareholders?

Back

Credit Union

Front

Which of the following options can’t be done using online banking using your phone? Deposit a Check, Get Cash, Pay a Bill

Back

Get Cash

Front

Which card should you use when you are online shopping?

Back

Credit Card

Front

What should you do with unused checks if you decide to switch banks?

Back

Shred/destroy them

Front

What is the primary purpose of a checking account?

Back

Making everyday transactions and payments

Front

How does online banking enhance the convenience of a checking account? Options: By providing 24/7 access to account information and transaction history, By eliminating the need to visit a physical bank branch, By allowing for easy bill payment and fund transfers, All of the above

Back

All of the above

Front

Which account would you put money into so you can remove it quickly for an emergency?

Back

Savings Account

Front

Which of the following is a feature of a certificate of deposit (CD)?

Back

Funds deposited in a CD are held for a certain length of time.

Front

Which of the following is MOST LIKELY a fixed expense? dry cleaning bill, new all-season tires, mortgage/rent payment

Back

mortgage/rent payment

Front

What is the term that refers to money that is left over after you have paid bills and set aside money for savings?

Back

discretionary income