Personal Finance Final Review

A person who promises to pay the debt of another person.

• co-signor

• maker

• payee

• granter

Intentional misrepresentation of a material fact is called?

• mistake

• fraud

• undue influence

• duress

When a person changes the terms of an offer, he/she has made?

• agreement

• counteroffer

• exchange`

• acceptance

A personal property inventory is most commonly used for?

• proof of loss from fire, theft, or property damage

• a credit card application

• an employment application

• a car loan application

Lunches, medical bills, personal care items, and clothing are all examples of?

• income

• fixed expenses

• variable expenses

• investments

The process of matching your checkbook register with the bank statement is called?

• reconciliation

• shared accounts

• certified check

• restrictive check

A check drawn against the bank's own funds is a______?

• cashier's check

• certified check

• restrictive check

• overdraft

_______cards provide immediate deductions from your checking account when you make a purchase.

• credit

• debit

• checking

• saving

______life insurance is protection for a specified amount of time.

• whole

• term

• whole life

• segmented

House payments, car payments and utilities are all examples of _____?

• disposable income

• fixed expenses

• as proof of loss in the event of fire or theft

• variable expenses