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Personal Finance Final Exam Review

Total questions: 14

Worksheet time: 10mins

Name
Class
Date
1.

What is the minimum percentage of money you should save each time you get money?

a)

100%

b)

Less than 9%

c)

At least 20%

2.
Savings
a)

the dollars that become available for investors to use when others save

b)

give away

c)

money  stored in your sock drawer

3.
Interest
a)

payment made for the use of borrowed money

b)

show attention

c)

total amount of money owed

4.
creditors
a)
persons or institutions to whom money is owed
b)
your parents
c)
 total amount of money owed
d)
short term US government IOU for a period of years.
5.
debt
a)
total amount of money owed
b)
short term US government IOU for a period of years.
c)
a payment card issued to users as a method of payment
d)
payment made for the use of borrowed money
6.
credit cards
a)
a payment card issued to users as a method of payment.
b)
payment made for the use of borrowed money
c)
group that channels savings to investors
d)
total amount of money owed
7.
budget
a)
 financial plan of revenue and expendtitures
b)
total amount of money owed
c)
the dollars that become available for investors to use when others save
d)
persons or institutions to whom money is owed
8.

Identity theft is

a)

the use of someone else's bathroom pass

b)

the illegal use of someone’s personal information to purchase items or receive benefits

c)

the use of someone's account with their permission.

9.

An employee is...

a)

Someone that works in exchange for money.

b)

Someone that works in exchange for items.

c)

Someone who is doing community service.

10.
Your line of work
a)
Employee
b)
Career
c)
Tuition
d)
Wages
11.

The payment that is made to a university in order to be an enrolled student and attend class.

a)

loan

b)

tuition

c)

financial aide

d)

scholarship

12.

A student loan is...

a)

Educational loan at a lower interest rate generally with no payments until after you are out of school

b)

A loan a high school or college students takes to buy a car.

c)

A loan that only pays for a meal plan in college.

13.

Card can be used to purchase goods or services for the price and a fee added. What type of card is this?

a)

Credit Card

b)

Debit Card

c)

Credit Card & Debit Card

14.

Spenders naturally spend money, but savers tend to ______ money.

a)

Save

b)

Gobble

c)

Burn