Personal Finance Final Review

The insurance protection agency that protects most credit union accounts up to $250,000 is called the...

• NACU
• FDIC
• FICA
• NCUA

Bank accounts in most banks are protected by the FDIC by up to $_____.

• $100,000
• $150,000
• $200,000
• $250,000

This type of for-profit financial institution is owned by its investors

• Credit Union
• Bank

In regards to the make-up of your credit score, what percent of your score is based off of your payment history?

• 35%
• 30%
• 15%
• 10%

Which of the following is NOT considered a credit bureau?

• Experian
• Expedia
• Transunion
• Equifax

Which of the following debts cannot be erased if filing for bankruptcy?

• Medical debt
• Student loans
• Credit card debt
• Utility bill debt

Which of the following types of student loans will the federal government pay the interest while the student is attending school?

• Subsidized
• Unsubsidized

Liquidity is the availability of your money.

• True
• False

Connected to the cardholder’s bank account and used for purchases.

• credit card
• debit card
• social security card
• insurance card

Mortgages and car loans are considered _____ loans.

• Revolving credit
• Unsecured
• Secured
• Store credit