WorksheetsPersonal Finance review
Total questions: 22
Worksheet time: 22mins
A credit card is the same thing as a debit card.
True
False
The amount of money I was loaned is $1,000 and the interest rate is 15%. What is the total of the loan?
$150
$1,150
$1,015
$15
The component that has the most impact on your credit is...
Types of Credit Used
Amounts Owed
Length of Credit History
Payment History
An ________ _________ is what it costs to use money that is loaned to you.
(a)
How big should your emergency fund be?
1-2 months of your annual salary
3-6 years of your annual salary
3-6 months of living expenses
1-2 years of living expenses
What is a savings tool with a fixed intrest rate and maturity date?
Checking Account
Certificate of Deposit (CD)
Money Market Account
Savings Account
Which type of account has a maturity date?
Certificate of Deposit (CD)
Savings Account
Checking Account
Money Market Account
The FDIC insures deposits up to $ (a) for EACH account opened in an FDIC Insured Depository Institution. NOT the sum of the balances of the accounts.
When it comes to managing money, success is about _____% head knowledge, and _____% behavior.
50, 50
20, 80
90, 10
40, 60
Amount you must pay before you begin receiving any benefits before you insurance company.
Stop Gap
Claim
Deductible
Premium
A life insurance policy that covers a specific period of time is called:
Level
Universal
Whole
Term
True/False You must establish credit in order to buy a house.
(a)
Which of the following things CANNOT be done with a debit card but can be done with a credit card?
Rent a car
Go in debt
Purchase online
Purchase an airline ticket
Which of the following is NOT a need?
Food
Housing
Going to the movies and dinner
Utilities
Time frame that a loan agreement is in force, and before or at the end which the loan should either be repaid or renegotiated for another term?
Annual Fee
Picture frame
Grace Period
Loan Term
What‘s your biggest wealth-building tool?
Income
Investments
Savings account
Inheritance
What will tracking expenses help you do?
Stick to a budget
Catch errors
Make adjustments
All of these
Taxes paid by anyone who owns a property such as land, a home or commercial real estate.
Social Security
Property Taxes
Income Tax
Gross Pay
Sales tax and excise tax are both taxes on
Consumption
Wealth
Property
Income
Save a $500 emergency fund.
The Sixth Foundation
The Second Foundation
The Fourth Foundation
The First Foundation
