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WorksheetsGetting Started FL Video Review
Total questions: 10
Worksheet time: 5mins
Why is it a good idea to treat your savings account as a fixed expense each month?
Money can be deposited before it is used for discretionary spending.
It is another source of income.
Loans can e paid off faster instead of spending the money.
More income is earned by accruing more interest.
Which entities have access to your credit report?
Banks who are considering loaning you money
Credit card companies who are considering giving you an account
Potential landlords who may rent you an apartment or house
Potential employers who are looking for new employees with good credit
In which of the following choices are the expenses in the right order according to how they must be paid each month?
Pay the fixed or discretionary expenses, then pay the variable expenses
Pay the fixed and variable expenses, then pay the discretionary expenses
Pay the discretionary expenses, then pay the fixed or variable expenses
Pay the fixed expenses, then pay the variable and discretionary expenses
Which of the following is the first step you should take if your identity is stolen?
Contact the bank and credit card companies where you hold accounts
Contact the police to file a report
Contact the fraud departments at all three major credit agencies
Contact your parents
You have three short-term goals for the end of the school year which include: going to the lake with your friends, which will cost $200; putting a deposit on an apartment, which will cost $350 and putting a down payment on a motorcycle for $150. How should you achieve these goals?
Ask your parents for help
Use your college fund for your goals
Use your emergency fund for your goals
Save money each month for the next year
Fees for services are determined by which of the following?
Each Customer
Each Transaction
Each Bank
Each branch of a bank
If you have fixed and variable expenses which total $185 each month, you want to put $10 into savings, and you want $15 to go out with friends, how much money do you have to earn as "take-home pay"?
$200
$210
$220
$225
Which piece of information will you most likely NOT have receipts for when reconciling your bank statement manually?
Deposits made through the mail
Withdrawals made online
Interest earned on an account
Deposits made at the drive-up teller windows
Why is considering the location of a bank is important?
Headquarters
Vault
Bank employees' homes
ATMs
The conversion of a message into code is known as which of the following?
Encryption
Firewall
Itemization
Reconciliation
