PF Final Exam Review - Fall 2019

When finance charge is applied after you have paid your bill each month

Work schedule that fits 40 hour work wk. into less than 5 days

Credit reports are issued by

Personal property inventory is used for

Type of risk caused by the business cycle

When you have insufficient income and assets to pay your debts

Self-employed people must make estimated tax payments

Earnest money protects the

Which of the following documents is NOT required to file your FAFSA?

Car payments and house payments are examples of

Financial experts advise allotting _____% of your total budget for housing

The total dollar amount of all interest and fees you pay for the use of credit is called the

The financial ability to repay a loan with present income.

An increase in the value of a stock over time

When creditors file a petition w/ a court asking to declare you bankrupt

Income tax is an example of which type of tax?

You must file tax returns by this date every year

Reorganization form of bankruptcy for business

When is the best time to get credit approval for vehicle purchases?

Company can issue stock that may be traded openly on the stock market.

Which of the following is a variable expense?

Interest rate that banks offer to their best business customer is called the

In order to file for financial aid, which form must you file?

When employers and union officials cannot agree on terms of a new labor contract

Monthly car payments should be no more than ____% of all other expenses

Common stock

Stocks in young, small corporations w/ higher overall risk

A person who lives w/ you and receives support from you

Which of the following is the first step most people take to establish a good credit record?

Which would be considered the lowest risk investment?

How are labor unions funded?

Price for which a stock is bought and sold in the marketplace

A fair price for a new car is likely to be about ____ percent above the ____ price.

When you buy an item that serves as collateral, you are taking out a(n)

When a check is returned to the payee's bank due to insufficient funds, it is said to have

The most important factor in determining a car's resale in value is

A request that requires the credit bureaus to deny all access to a consumer’s credit inform. is

Widest variety of banking services are provided at

Lamar has a solid income and pays monthly credit bills on time. His rating is:

Which would be considered a long-term need?