WorksheetsFinal Review 2021
Total questions: 15
Worksheet time: 8mins
A drawback to ATMs is that:
ATMs will always charge you extra
If you use an ATM from an outside bank, they might charge you extra
ATMs don't give you the amount of money you have
ATMs have no drawbacks
A difference between credit unions and banks is that
Credit unions are not for profit
Credit unions are less safe
Banks have better rates
Credit unions are not insured
Credit Unions and banks are insured up to:
$50,000
$150,000
$200,000
$250,000
For people who have a balance on their credit card, what is important?
Rewards
Schumer boxes
Grace period length
APR
The annual percentage rate on your credit card will tell you:
your credit limit
how many cards you have
how much interest you are charged
your credit utlization
Which of the following is a factor in qualifying for credit
education level
income
marital status
where you live
Spreading a risk with many people, so that the financial burden is manageable is called
credit
insurance
investing
it is hard to make good answer choices :/
An insurance plan that makes regular payments to replace income lost when illness or injury prevents the insured from working is called
disability insurance
working insurance
life insurance
health insurance
A type of life insurance that only lasts for a certain amount of time. Normally used for when kids are younger.
whole life insurance
universal life insurance
life life insurance
term life insurance
Why aren't checking accounts a good place to store money?
not safe
they are easy to obtain
low interest rates
they are too complicated
This is a federal program that pays money, typically for retirement:
Social security
medicare
FICA
IRS
Most people use banks today through
Online banking
Loans
ATMs
In person
The Federal Reserve regulates
jobs in america
taxes in america
money in america
pay in america
Financial short term goals are:
less than a week
less than a year
less than a decade
21 days exactly
Assets - Liabilities =
Disposable income
Discretionary income
Net income
Net Worth
