Personal Finance

Name two benefits the Kia Rio has over the Ford Mustang

• Fewer Miles and Lower Price

• Lower Price and Better Safety

• Better Reivews and Newer Model

• Better Safety and better reviews

The end of the year is here. The Media Center is charging fines to students who have not returned books. This is an example of which of the following?

• Positive Incentive

• Negative Incentive

• Positive Expectations

• Scarcity

Coach Queen offered to make his classes BBQ if the class average on a test was an 80. What is this an example of?

• Positive Incentive

• Negative Incentive

• Expectations

• Opportunity Cost

In order to best control spending you should keep track of monthly expenses by preparing a.....?

• Budget

• Deficit

• Debt Plan

• Roth IRA

What is the relationship between risk and return when it comes to investments?

• Lower Risk = Higher Reward

• Higher Risk = Lower Reward

• Lower Risk = Lower Reward

Check all that apply...Which of the following are services offered by both banks and credit unions.

• Checking Accounts

• Savings Accounts

• Roth IRAs

• Credit Cards

What is a benefit of investing in Mutual Funds?

• Bonds are a safe investment

• stock prices change too often

• diversification of investment

• Fund Managers know more about investment

Check all that apply....What is an advantage of using a Credit Union?

• Lower interest rates on loans

• higher interest rates on savings

• Greater access to your accounts nationwide

• Better technology for your financial needs

True or False....Consumers will borrow more money from banks and credit unions when interest rates increase.

• True

• False

Which type of tax is the best example of a regressive tax?

• Sales Tax

• Income Tax

• Property tax

• Corporate tax