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FCS Majors W-G final exam consumer review

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

I am linked to your checking account.

a)

credit card

b)

debit card

c)

both

2.

You have to sign the back

a)

credit card

b)

debit card

c)

both

3.

I am taking out a loan every time I use this.

a)

credit card

b)

debit card

c)

both

4.

Use this to calculate your budget from...

a)

gross income

b)

net income

5.

This is how much you actually see in your paycheck after taxes and other deductions are taken out.

a)

gross income

b)

net income

6.

The amount of money you make BEFORE taking out taxes and other deductions.

a)

gross income

b)

net income

7.

A three digit score that judges whether or not you are good with your money.

a)

APR

b)

Interest

c)

Credit Score

d)

FCS grade

8.

If you spend more money that what you have in your checking account, you would say your checking account is _________.

a)

overdrawn

b)

cap

c)

busted

d)

registered

9.

Items

a)

good

b)

service

c)

sheeshhhh

10.

someone does something for you

a)

good

b)

service

c)

sheeshhhh

11.

Only make the minimum payment each month on a credit card.

a)

true

b)

false

12.

A legal document that says how much and how long you will rent an apartment.

a)

premise

b)

budget

c)

lease

d)

service

13.

Car insurance

a)

Fixed expense

b)

variable (or flexible) expenses

14.

rent

a)

Fixed expense

b)

variable (or flexible) expenses

15.

gas for the car

a)

Fixed expense

b)

variable (or flexible) expenses

16.

food

a)

Fixed expense

b)

variable (or flexible) expenses

17.

If you are renting an apartment, you should purchase this to help reimburse you if you have something like a fire in your apartment.

a)

car insurance

b)

renter's insurance

c)

life insurance

d)

you do not need anything like that

18.

What is the least important when trying to find a good deal on a car?

a)

mileage driven

b)

KBB

c)

your credit score

d)

type of radio in the car

19.

What does NOT affect the cost of your car insurance?

a)

your credit score

b)

how many car accidents you had

c)

the worth of the car

d)

your health

20.

What is the cash that you have on hand to purchase a vehicle known as?

a)

down payment

b)

credit score

c)

APR

d)

term