PERSONAL FINANCE - FINAL SEMESTER 2

Front

if you wanted to know what factors contributed to your credit score, how could you find out?

Back

Check your credit report.

Front

Why should you stay away from borrowing up to your credit limit?

Back

Because it reflects poorly on your credit score.

Front

Which of the following deductions are you most likely to see on your pay stub? Auto insurance deduction, Office cupcake deduction, Social Security deduction

Back

Social Security deduction

Front

What is the main purpose of the dual accounting method?

Back

To record every transaction twice, reflecting them in accounts and in your budget.

Front

You find evidence that your identity has been stolen. Who should you contact first?

Back

The Federal Trade Commission

Front

What is a "hard inquiry"?

Back

When a financial institution requests information about your credit history for the purpose of extending more credit.

Front

Which of these is NOT identity theft?
Options:
Someone uses your identity to benefit financially.
Someone steals your credit card and goes on a shopping spree.
A scammer poses as a representative from a charity and asks for money.

Back

A scammer poses as a representative from a charity and asks for money.

Front

Which of the following shows up on your credit report? How many open accounts you have, Your payment history, Both

Back

Both

Front

What is a debt-to-income ratio?

Back

The ratio of your debt compared to your annual income and something that lenders look at on your credit report.

Front

What kind of insurance must you have in order for the damage to be covered if you hit a deer while driving?

Back

Comprehensive.