WorksheetsFinal Exam Part 2
Total questions: 8
Worksheet time: 4mins
Which of the following is an example of unsecured credit?
car loan
mortgage
credit card
The annual percentage rate (APR) for a credit card refers to the
credit limit of the card
current balance of the card
interest rate of the card
Having a good credit score leads to
Higher interest rates on loans
Lower interest rates on loans
No change to interest rates on loans
Your monthly cost to have insurance is called the
Deductible
Copay
Premium
True or False. The state of New Jersey requires all drivers to have car insurance.
True
False
_____ is about accumulating money for the short-term (ex. emergency fund) while ____ is about accumulating money for the long-term (ex. retirement).
Saving, Saving
Investing, Investing
Investing, Saving
Saving, Investing
Interest that applies not only to the initial principal of an investment or a loan, but also to the accumulated interest from previous periods
Simple Interest
Complicated Interest
Compound Interest
Type of fund with a portfolio constructed to match or track the components of a financial market.
Stocks
Bonds
Mutual Funds
Index Funds
