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Stand Out (Book 5) Unit 2: Personal Finance Flashcards | StudBud
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Stand Out (Book 5) Unit 2: Personal Finance
Stand Out (Book 5) Unit 2: Personal Finance
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Flashcards
18 cards
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Questions
18
Answers
1
Mark ________ money on shoes and clothing before he met with a financial planner.
had been spending
has been spending
had spend
is spending
2
Probably the most popular investment vehicle is _________.
a savings account
rental property
bonds
the stock market
3
Decide if this expense is a FIXED or VARIABLE monthly expense.
Fixed
Variable
4
What is phishing?
using false pretenses to obtain your personal information
going through trash to find your personal informtion
pretending to be a bank & getting you to reveal your personal information
stealing credit card numbers using a personal storage device
5
If a person spends $900 a month on auto expenses, what does he spend manually?
$1,800
$900
$9,000
$10,800
6
What is NOT an example of something a person does with a stolen identity?
get a driver's license in your name with their picture
open a credit card in your name
buys merchandise online and have it sent to your address
create counterfeit checks using your name
7
What is the best way to use your credit?
pay interst on the charges you make
max out your credit card before you pay them off
charge small amounts every month and pay them off
get cash advances from your credit card
8
Decide if this expense is a FIXED or VARIABLE monthly expense.
Variable
Fixed
9
They had been looking for a new house before the stock market ________.
has been crashed
crashed
had been crashing
crashing
10
What can you do to fight identity theft?
call your bank every day
monitor your personal information
don't use credit cards
call the police
11
Why should you try to add positive information to your credit report?
to protect you from identity theft
to avoid going bankrupt
to help you get a better job
to make lenders more comfortable about extending credit to you
12
Joseph _________ for auto insurance before he got in the accident.
hadn't been paying
hadn't pay
hadn't been pay
hasn't been paying
13
Before Jimmy opened a savings account, he ________ comic books with all the extra money in his paycheck.
had buying
has been buying
buys
had been buying
14
Before Millie ________ shopping at the local farmer's market, she had been buying produce at an expensive supermarket.
started
had been starting
had started
start
15
Decide if this expense is a FIXED or VARIABLE monthly expense.
Variable
Fixed
16
You need to use credit regularly to establish credit history.
True
False
17
Which one is NOT a tip for saving money?
Shop around for best prices.
Buy brand name rather than generic products.
Make meals at home instead of eating out.
Make a monthly budget and stick to it.
18
What information is not found on a credit report?
address
social security number
driver's license number
birthdate
