WorksheetsPF Final Review 3
Total questions: 14
Worksheet time: 10mins
DJ is going to purchase a rental property with a mortgage. Which statement below is FALSE?
The principal is the price of the house minus any down payment.
A longer term will make her monthly payments lower.
A larger interest rate will make her monthly payments higher.
A longer term means the house will cost her less overall.
Which should be used when creating a budget?
Net Pay
Gross Pay
FAFSA is application you submit in order to determine eligibility for federal student aid.
True
False
Which of the following best describes the amount of money you'll have if you put $1000 into a savings account earning 2% annual compound interest for 10 years? You can ignore the impact of inflation in this question.
$1200
A little more than $1200
$2000
$20000
Which person has a diversified investment portfolio?
Devaeh who has all of her money in her savings account.
Makaylee who invests her money in mutual funds, bonds, certificates of deposit, and real estate.
Cris who invests exclusively in cryptocurrency.
Bronwyn who keeps her money in two different checking accounts and a savings account.
A person's spending is less than their net income.
Budget surplus
Budget deficit
Comparison shopping is...
Comparing various factors of the same product offered by different retailers before making a purchasing decision
Making a purchase based solely on the lowest unit price, the most important factor.
All of the following will help protect you from identity theft, EXCEPT...
Monitoring your credit report monthly.
Freezing your credit.
Using all of the same passwords online so you remember them.
Shop on websites that begin with https not just http.
Liam received his tax refund of $600 and wants to use it to pay off some of his debt. Where should he use it?
To pay on his car loan of $15,000 with a 5.16% interest rate.
To pay on his student loan of $65,000 with a 5.8% interest rate.
To pay on his credit card balance of $3,000 with a 22.1% interest rate.
To pay on his jet ski loan of $2,000 with a 4.7% interest rate.
A checking account is best used for...(hint: choose 2 correct answers)
Saving money
Storing money to spend
Investing money
Placing money you earn
A key difference between saving and investing is
Saving is for everyone, investing is for the wealthy
Your money is insured when investing, it is not in savings
Investing has a guaranteed return, savings does not
Saving is for emergencies & goals, investing is for long-term wealth
Which of the formulas below correctly calculates net price?
Sticker price - student loans = net price
Grants and scholarships + student loans = net price
Sticker price - grants and scholarships = net price
Sticker price + grants and scholarships = net price
Why should you personalize each thank you note you send after an interview?
To show that you’re a polite person
To make a lasting impression on each interviewer
To avoid offending anyone
Because it is required for most job interviews
What is the purpose of a resume?
To list all of your interests
To highlight your work experience and qualifications
To provide a list of references
To show off your social media profiles
