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WorksheetsFinancial Management Unit 5 Test
Total questions: 20
Worksheet time: 12mins
What type of bill is this electric bill?
Utility bill
Housing bill
Credit card bill
When is John Member’s electric bill payment due?
04/24/2012
04/27/2012
05/20/2012
What is John Member’s account number?
123456
01-01-01234
218-732-1234218-732-1234
What is the total amount due for this bill?
$98.92
$181.00
$252.00
In what numbered section of the bill should John look to find his account summary?
Section 1
Section 3
Section 5
In what numbered section of the bill should John look to find the company website?
Section 1
Section 2
Section 3
What numbered section of the bill should John include with his payment to the company?
Section 3
Section 7
Section 9
The electric company will accept a minimum payment less than the full balance.
True
False
What method of payment should John use if today’s date is 5/19/2012, but he does not have transportation to pay in person.
Check
Automatic Draft
Debit Card
After you have opened your bills, you should record the _________ on a calendar to remember when they must be paid.
balance due
due date
current charges
As soon as you realize your bill payment will be late, you should contact your lender by ______ immediately.
phone
letter
fax
After you have spoken with your lender, what should you do to confirm all the details?
Phone a friend
Send an instant message
Send a letter by certified mail
What is the final and most important step if you cannot pay your bills on time?
Make budget adjustments
Make a new calendar
Apply for more credit
If a customer pays all of her bills on time, then she will have ______________________.
A higher credit score
A lower credit score
The same credit score
Which factor would make your credit score go UP?
Length of credit history
Using most or all of your available credit
Excessive number of credit inquiries
The three main forms of cash are currency, checks, and ________________.
debit cards
credit cards
lines of credit
What is the only payment method that does not charge interest or fees?
Currency
Credit Card
Debit Card
What is the payment method that lets you buy now and make payments later?
Currency
Credit card
Debit card
What is the payment method that can be used to rent cars or reserve hotel rooms?
Currency
Credit card
Check
Which method of bill payment is programmed to pay the same amount to your lender each month on the same date?
Cash (in person)
Automatic Draft
Debit Card
