Personal Financial Literacy Review

These are costs for items that a person could do without

• Fixed expenses

• Variable expenses

• Discretionary expenses

• Sub-prime expenses

This is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services

• Credit card

• Debit Card

• Charge card

• Gift card

APR stands for

• Annual Percentage Rate

• Annual Prime Rate

• Actual Percentage Rate

• Available Percentage Rate

This is a sum paid or charged for the use of money or for borrowing money

• Loan

• Credit

• Interest

• Budget

These are costs for an item or service that can be changed

• Fixed Expenses

• Variable Expenses

• Discretionary Expenses

• All expenses

This is a bank card that automatically deducts the amount of a purchase from the checking account of the cardholder

• Credit card

• Debit card

• Charge card

• Gift card

Identify the correct sentence structure: 'Despite the rain, the event continued as planned.'

• A) Compound

• B) Complex

• C) Simple

• D) Compound-complex

Choose the correct synonym for 'frugal':

• A) Wasteful

• B) Thrifty

• C) Extravagant

• D) Lavish

Which of the following sentences is grammatically correct?

• A) She don't like to spend money.

• B) He doesn't has any savings.

• C) They doesn't understand the concept of interest.

• D) She doesn't like to spend money.

What is the main idea of a passage?

• A) The detailed examples

• B) The supporting arguments

• C) The central point or theme

• D) The concluding statement