FA Spring Final Review 2024

What’s a typical interest rate for a credit card?

• 3.4%

• 26%

• 8.5%

• 45%

• 100%

Your friend has a credit score of 590. According to our book, what is his credit rating?

• Poor

• Fair

• Good

• Excellent

Your friend has horrible credit, what advice would you give them to help their score?

• Max out your credit cards.

• Open another loan.

• Never pay off your credit card in full.

• Pay off your debt.

The distribution of a portion of a company's earnings to shareholders is called the...

If you increase the down payment when buying a car, you will...

• lower the interest being paid, the principal and/or the monthly payment

• raise the interest being paid, the principal and/or the monthly payment

• increase the value of the car

• make the dealership more profit

EVERYONE filing their taxes needs their...

• proof of car insurance

• W-2

• Mortgage interest statement

• ROTH IRA statement

You should start investing in retirement ASAP which means...

Jack got hired at Joaquin-En-La-Caja. He needs to fill out which form, so that his employer deducts the correct amount of money for Jack's taxes?

• W-2

• Form 1040

• W-4

• 1099

The safest place to invest your money is

• under your mattress

• cryptocurrency

• stocks

• high yield savings account

• Your best friend's new restaurant

For Halloween, Mr. Wendell dressed was dressed as a...