Personal Finance Pretest

Front

When starting a new job, what form(s) must an employee complete to receive a paycheck? Options: W-4 and I-9, W-2 and I-9, W-2 and W-4, Only a W-4

Back

W-4 and I-9

Front

What is true about automobile loan variables?

The larger the down payment, the lower the principle, The lower APR, the more interest paid, The shorter the length of the loan, the smaller the payments., The higher the APR, the less interest paid

Back

The larger the down payment, the lower the principle

Front

Investing in human capital is important for career development because

Back

An investment in one's human capital lasts a lifetime

Front

The steps to a spending plan process include: Setting financial goals, organizing, deciding, implementing, implementing, controlling and evaluating.

Back

Setting financial goals, organizing, deciding, implementing, controlling and evaluating.

Front

What type of cash management tool is best for saving a $150 cash prize for a senior trip in five years? Options: A checking account, A savings account, A certificate of deposit, A cash management tool would not benefit her.

Back

A certificate of deposit because it would be for a specific time length

Front

A vehicle is considered a "lemon" if

Back

The defect remains unfixed after four repair attempts

Front

Describe the relationship between insurance and risk.

Back

Insurance is an arrangement between an individual and an insurer to protect the individual against risk.

Front

Electronic banking allows customers to

Back

Perform transactions via electronic funds transfers 24 hours a day.

Front

The three places to learn the general health of the economy are: The Dow Jones Industrial Average, Standard & Poor's 500 Composite Index and the National Association of Security Dealers Automated Quotations.

Back

The Dow Jones Industrial Average, Standard & Poor's 500 Composite Index and the National Association of Security Dealers Automated Quotations

Front

Cost of living expenses include: Gym membership, Food, Concert tickets, All of the above

Back

Food