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WorksheetsInd. Living Consumer Finance Unit Review
Total questions: 25
Worksheet time: 13mins
Putting money into an account
Withdraw
Insert
Deposit
Direct Transaction
The maximum amount you can charge to a card without penalty
Minimum payment
credit score
credit limit
credit report
A sum of money a client gives to a server for good service
tip
payment
garnish
bill
The record of a consumer's credit history
credit score
credit report
credit history
credit card statement
When only one company sells a product of service
bingo
monopoly
sorry
LIFE
What you have to pay back monthly without penalty
minimum payment
20% of your bill
credit limit
interest
Having enough money to live on and not worrying about money
wealth
middle class
financially secure
financially stable
Anyone who uses or buys goods and services
customer
citizen
corporate
consumer
The amount of time you have to pay back your bill without penalty
time frame
grace period
credit limit
minimum payment
What would JC Penny be?
department store
resale store
superstore
outlet store
What would Plato's Closet be?
specialty store
outlet store
resale store
department store
What form of payment should you use when making online purchases?
credit card
debit card
cash
check
What is the cost of credit expressed as a yearly rate?
annual credit rate
annual interest rate
annual percentage rate
annual bill rate
What is the maximum liability on a debit card?
$100
$75
$2000
unlimited
What influences your credit score?
Your employer
Your place of residence
Your inquiries
Your car
Checking accounts pay the highest interest
True
False
Credit Unions and Banks are both backed by the FDIC
True
False
Both banks and credit unions pay interest
True
False
A debit card is linked to your savings account
True
False
Which of the following is NOT one of the consumer rights?
Right to Safety
Right to a Healthy Environment
Right to Redress
Right to Variety
Which of the following is NOT a local business in Grand Forks?
River City Jewelers
Red Pepper
Applebees
Widman's Candy
How much should you tip your server?
20-22%
10-12%
30-35%
50%
Which of the following are benefits to shopping local?
Better quality product
Higher customer service rates
Creates local jobs
Reduced environmental impact
What is an example of a fixed expense?
Auto insurance
Auto payment
Student loan payment
Internet Bill
Which is an example of a flexible expense?
Gas bill
Medical insurance
Grocery bill
Life insurance
