PFL Final Exam

520 is considered a very good credit score.

• true

• false

Which of these show your credit history?

• Credit score

• Credit report

• Both

Bank of America issues you a credit card with a maximum balance of $1,000.  This is an example of:

• Finance Charge
• Co-Signer
• Minimum Payment
• Credit Limit

Which is an exceptional credit score?

• 672

• 555

• 713

• 813

The money paid to an insurance company to purchase a policy.

• deductible
• copay
• premium
• co-insurance

The out-of-pocket money paid by a policyholder before an insurance company will cover the remaining costs caused by a loss.

• premium
• copay
• deductible
• co-insurance

John's father passed away. What type of insurance will provide his family with financial support?

• health
• life
• auto
• unemployment

The actual amount of money you "take home" is

• Gross Pay

• Never Enough

• Net Pay

• Payroll Income

I signed up for direct deposit, so I won't get a physical check with my pay stub

• TRUE

• FALSE

Money that is subtracted from your gross pay for things like taxes, social security, and insurance

• regular pay

• deductions

• overtime pay