Personal Finance 2

When you purchase a municipal bond, you are

• Buying a portion of a municipality

• Diversifying your portfolio

• Investing in an index fund

• Loaning money to a municipality

When buying a stock in a company, you are

• buying a portion of a company

• loaning to a business

• buying an index fund

• diversifying your portfolio

Which of the following steps best protects your credit history if you suspect fraud?

• Contact the credit bureaus and report suspected fraud

• Contact the store where your credit card was used and request a refund

• Contact the local police department and file a complaint

• Contact the chamber of commerce and close your bank account.

Which piece of information is most useful to an identity thief?

• Your name

• Your Social Security Number

• Your favorite color

• Your age

Which of the following provides the best protection against identity theft?

• shred documents

• open up a bank account every year

• always use cash

• use many credit cards

How often are you entitled to a free credit report from each of the major credit reporting companies?

• monthly

• yearly

• weekly

• daily

Which of the following drivers will likely pay the highest auto insurance premiums?

• Younger, inexperienced drivers

• Drivers who travel short distances

• Older, experienced drivers

• Drivers with a safe record

By what date must federal taxes typically be filed and sent to the IRS?

• April 15

• April 1

• Dec 31

• June 1

Which of the following should you take into consideration when deciding to buy or lease a car?

• Monthly payment

• Car Design

• Color

• Blue tooth speakers

Which statement is most correct?

• A benefit of owning a home is that the value may appreciate.

• A benefit of owning a home is that its easy to sell

• A benefit of owning a home is that it is easy to move

• A benefit of owning a home is paying for home improvement