Personal Finance Final Test

Front

Numbers on the bottom of checks and deposit slips are that identifies the financial institution

Back

routing number

Front

The amount of money you make each month is considered what?

Back

income

Front

Barbara bought a $500 dress using her credit card. By the time she finished paying back the credit card company, Barbara paid $575 for the dress. The extra $75 was what?

Back

interest

Front

What is a plan for saving and spending?

Back

a budget

Front

Your paycheck is an example of

Back

income

Front

Why do people need jobs?

Back

to earn money for needs and wants

Front

Why do people save money?

Back

They can pay for things in the future.

Front

The least amount that must be paid on a credit card each month is

Back

Minimum Payment

Front

How can a cardholder avoid paying interest on a credit card?

Back

Pay the balance in full every month

Front

The credit company can charge interest if the credit card bill is not paid in full by the due date

Back

True