Personal Finance Final

Front

If you pay the minimum monthly payment than you do not have to pay interest on your credit card

Back

False

Front

A unique, usually brief abbreviation used to identify a publicly traded company on a stock exchange is called

Back

Stock Ticker

Front

Which of the following is a fixed expense: Clothing, Electricity Bill, Oil Bill, Student Loan?

Back

Student Loan

Front

Compared to a savings account, a money market usually has a higher: Interest Rate, Minimum Account Balance, Possible Fee's, All of the above

Back

All of the above

Front

If you have to revise your budget, which expenses would you reduce first? Options: Fixed, Variable, Both A & B, None of the above

Back

Variable

Front

What is a consequence of overspending?

Back

Going into debt

Front

If I pay off my credit card balance every month, will I still have to pay interest?

Back

False

Front

Generally bonds are more risky than stocks

Back

False

Front

During the day, stock prices change:

Back

Every second

Front

What is the main benefit of becoming financially literate?

Back

You gain more control over the way money affects your life.