Personal Finance Final Review

What happens if you do not pay a credit card bill on time?

• Use your debit card
• You go into debt
• Declare bankrupty
• Pay interest

What is the safest way to pay for an item to avoid debt?

• Cash
• Check
• Credit
• Debit

Which card takes the money out of your account immediately?

• Credit 
• Debit

When do you start paying into Social Security?

• When you retire
• When you turn 30
• When you get a full-time job
• When you want to

What is the riskiest type of bond?

• Municipal
• Savings
• Corporate

Which bank account earns you the most interest?

• Savings
• Checking
• Certificate of Deposit

Who pays interest on a loan?

• The borrower
• The bank

Who pays interest when you deposit money in the bank?

• The depositor
• The bank

To measure the stock market as a whole people look to 

• Dow Jones
• Stockbrokers
• Individual stocks
• Unemployment rate

Stock brokers can a portion of the profit they make, this is called

• Commutation
• Interest
• Commission
• S&P 500