NGPF Econ Final w Ms. E

Front

Naresh started a new job and is having some of his paycheck deposited directly into a savings account. Which of the following values BEST explains why Naresh does this on a regular basis?

Back

Financial

Front

You hear your friends talking about a new, trendy restaurant that everyone on social media is raving about. Even though you weren’t really hungry and the prices are high, you decide to go and order a full meal because you don’t want to feel left out of the experience. This is an example of __________.

Back

FOMO

Front

What does FOMO stand for?

Back

Fear Of Missing Out

Front

Cognitive Bias: True or False, Awareness is often the first step to overcoming the influence of a cognitive bias.

Back

TRUE

Front

Select The Cognitive Bias: Andrew wants to buy a specific model of a new car. He conducts research and finds many resources that highlight the benefits of that car model.  Which cognitive bias might be influencing  Andrew’s decision making?

Back

Confirmation Bias

Front

True or False: Credit unions usually offer higher interest rates and higher fees compared to traditional banks.

Back

FALSE

Front

The Budgeting Rule: What is the __/__/__ rule?

Back

50/30/20

Front

Emergency Fund: A person should have ___ to ____ ______ saved for their emergency fund.

Back

3 to 6 months

Front

The total cost of the item you’re purchasing on credit, minus the down payment you make upfront is called _______.

Back

Principal

Front

Installment Loans: Each of the following represents an installment loan EXCEPT…
Home Mortgage, Auto loan, Student loan, Credit card

Back

Credit card