Personal Finance, Ch 1-12

Which of the following investments is considered moderate risk for above average growth?

• Single Stocks
• Real Estate
• Bonds
• Mutual Funds

Which of the following things can a debit card not allow you to do?

• Rent a car
• Buy a plane ticket
• Buy something online
• Go into debt

What type of expense is rent?

• Fixed
• Variable
• Intermittent
• Discretionary

What is the difference between gross and net pay?

• Net pay describes your pay after deductions, gross pay is before.
• Gross and net pay are the same.
• Gross pay describes your pay after deductions, net pay is before.
• I don't know because I don't have a job.

The purpose of insurance is to:

• Provide and investment opportunity
• Transfer financial risk
• Develop a savings plan
• Open a health savings account (HSA)

When it comes to managing money, success is about ___% knowledge and ___% behavior. 

• 20, 80
• 60, 40
• 50, 50
• 80, 20

Which of the following is not a factor in becoming money smart?

• Have knowledge of basic math
• Learn the language of money
• Manage your behavior with money
• Learn how to read your credit card statements. 

An obligation of repayment by one party to a second party is called ________.

• ownership
• obligatory repayment
• debt
• credit

A debt evidences by a "note" which specifies the principal amount, interest rate, and date of repayment is called a _________.

• bank fee
• loan
• debit
• credit

In high school, my emergency fund should be _____.

• $100
• $500
• $1000
• $100,000