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Personal Finance Final

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

A measurement of how quickly an asset can be turned into cash

a)

Mortgage

b)

Government

c)

Liquidity

d)

Bills

2.

What is the document that passes title of property from there wishes

a)

life insurgence

b)

A will

c)

Medical papers

d)

identity theft

3.

When should you start a retirement plan

a)

in your 70's

b)

never

c)

At the end of your career

d)

At the beginning of your career

4.

Whats a bear market

a)

when the stock market is decreasing steady

b)

when the stock market is increasing steady

c)

when the stock market is decreasing quickly

d)

when the stock market is increasing quickly

5.

What would be a low risk investment

a)

Insured savings account

b)

Bank claim

c)

U.S savings bond

d)

Balance mutual fund

6.

What is a budget

a)

Its a plan for cars

b)

Its a plan for managing money

c)

Its a plan for retierment

d)

Its plan for taxes

7.

Witch ones are apart of the credit bureaus

a)

Transunion

b)

Experian

c)

Equifax

d)

Medicare

8.

What are 2 purposes of bankruptcy

a)

Help with bills

b)

give a debitor a fresh start

c)

give a good budget plan

d)

insure far treatment to creditor

9.

When you secure a debt with the equity in your home

a)

bank loan

b)

equity load

c)

mortgage

d)

bank statement

10.

What is the fair credit act

a)

credit fraud

b)

Act of a business agreement

c)

A law that sets requirements for settling business disputes

d)

Car loan

11.

A written letter to inform a credit company of an incorrect charge on your account

a)

letter of resignation

b)

bills

c)

home insurgence

d)

dispute letter

12.

What is buyers remorse

a)

Buying many things

b)

regret on a perchance

c)

Buying things you need

d)

buying a house

13.

What idems could you use for a clateral to secure a load

a)

dog

b)

car

c)

House

d)

Land

14.

What does basic health care pay for

a)

Doctor fees

b)

Lab work

c)

Hospital bill

d)

Surgery's

15.

Whats the first step to managing risk

a)

Insurgence claim

b)

Risk assessment

c)

identify theft

d)

car loan

16.

Buying insurgent to shift the risk of finance loss to an insurgence company

a)

home insurence

b)

car title

c)

risk transfer

d)

bills

17.

What is the time frame for a short term goal

a)

one year or less

b)

one to 5 years

c)

over 5 years

d)

10 years

18.

What is the time frame for a medium goal

a)

one yea

b)

one to five years

c)

over 5 years

d)

10 years

19.

What is the time frame for a long term goal

a)

one year

b)

one to 5 years

c)

over 5 years

d)

10 years

20.

Why is a cashier check safer than a regular check

a)

Cashiers check has less money

b)

Cashiers check has more money

c)

Cashiers check bounces

d)

Cashiers check can not bounce

21.

What is it when a check has been returned to a bank unpaid

a)

A valid check

b)

A void check

c)

A bounced check

d)

A unpaid check

22.

Whats the first stage of a business cycle

a)

Recovery

b)

peak

c)

recession

d)

trough

23.

Whats the second stage of a business cycle

a)

recovery

b)

peak

c)

recession

d)

trough

24.

Whats the third stage of a business cycle

a)

recovery

b)

peak

c)

recession

d)

trough

25.

Whats the Forth stage of a business cycle

a)

recovery

b)

peak

c)

recession

d)

trough