Personal Finance Final Review

Front

When you go to select financing for a loan, you will be looking at: Length of loan, Interest rate, Amount of monthly payments, All of these

Back

All of these

Front

Who would a creditor be more likely to trust? Options: Someone who has never borrowed before, Someone who has been borrowing for 10+ years with an average credit score

Back

Someone who has been borrowing for 10+ years with an average credit score

Front

All of the following are good reasons Alex could use a credit card EXCEPT: purchasing a bed when he moved out, establishing a good credit rating, buying 10 different ps5 games, it helps him save money by offering him a discount at a store he regularly shops at

Back

buying 10 different ps5 games

Front

Which of the following affects your credit score? Options: Making payments on time, Making payments late or missing a payment, Having several credit cards and 2 are maxed out, all of the above will impact my credit score

Back

all of the above will impact my credit score

Front

Which of the following is your take home pay after deductions? Net pay, Gross pay

Back

Net pay

Front

Which of the following is a short term goal? Options: a lifetime goal, wanting to graduate high school, trying to lose 50 lbs, wanting to get an A on a test

Back

wanting to get an A on a test

Front

What is the price per ounce of Jif Peanut Butter priced at $2.99 for 16 oz?

Back

$0.19

Front

Which of the following information is NOT found on your credit card statement: summary of account activity, current balance, minimum payment due, collateral?

Back

collateral

Front

Which of the following is NOT an example of a service? waitressing, washing carpets, shoes, shoe shiner

Back

shoes

Front

Which of the following is an example of a long term goal? wanting to run a marathon, walking 5,000 steps today, Trying to save $5 by the end of the week, Wanting to get an A on this test

Back

wanting to run a marathon