Finances Practice

The more money you make, the higher rate of taxes you will pay.

• True

• False

Which forms will you have to fill out whenever you get a new job?

• W-4

• I-9

• Direct Deposit

• All of the Above

What is the single largest thing that affects your credit score?

• payment history

• credit usage

• account length

• account mix

A "good" credit score would be anything over:

• 500

• 625

• 650

• 750

Which type of card takes money directly out of your bank account (you can't spend money you don't have)

• debit card

• credit card

Credit card interest rates tend to be low.

• True

• False

A "mortgage" is a special type of loan for a:

• car

• house

• medical procedure

• college education

The amount you pay up front when you take out a loan for something is called a:

• deductible

• down payment

• premium

• annuity

Your bank will require you to have homeowners insurance if you take out a mortgage for a house.

• True

• False

The amount of money that you pay every month for your insurance policy is called your:

• deductible

• premium

• deposit

• out-of-pocket maximum