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FinLit EOC Review
FinLit EOC Review
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Financial Literacy EOC review
Flashcards
25 cards
F
Practice quiz
P
Host live
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Questions
25
Answers
1
things you can live without
expenses
needs
savings
wants
2
Arecommendation of a person for a job given by someone theemployer knows
cover letter
resume
referral
recommendation
3
A loan that is backed by something of value pledged to ensure payment is a(n)
unsecured loan
installment loan
secured loan
free loan
4
A face-to-face meeting with a potential employer to discuss your qualifications
referral
interface
resume
interview
5
Maximum amount you are allowed to charge on your credit card account
credit limit
$250,000
grace period
$500,000
6
Principles that are important to you because of your ethnic heritage or religion
work values
life values
social values
cultural values
7
Legal process in which people who cannot pay their debts must surrender most of their property
credit bureau
credit union
bankruptcy
foreclosure
8
amounts you are committed to pay
adjustable expenses
fixed expenses
variable expenses
flexible expenses
9
time from birth to death
life span
life plan
life goal
life style
10
Thetax you pay on income
excise tax
income tax
sales tax
property tax
11
purchase made on a whim
credit purchase
loan purchase
impulse purchase
new purchase
12
used each time cash or checks are put in a bank account
check
deposit slip
withdrawal slip
money order
13
only a signature on the back of a check
special endorsement
blank endorsement
restrictive endorsement
full endorsement
14
The time between the billing date and the payment due date when no interest is charged
credit period
grace period
debt period
time period
15
Aneconomy in which the government tells you what to purchase
market economy
traditional economy
command economy
mixed economy
16
What banks charge for loaning a customer money.
credit
grace
interest
finance charge
17
An order to a bank to pay a specified sum to the person or business named
check
register
debt
quota
18
your unique blend of qualities that defines you as an individual
fidget
personality
character
individual
19
the value of your next best alternative
opportunity cost
choice
character
life span
20
This business collects information about consumers' credit history and sells it to lenders.
credit union
MasterCard
credit bureau
Visa
21
The advertising that provides information to help make a good buying decision
informative
persuasive
defensive
commercial
22
Advertisingthat is designed to appeal to your emotions
informative
defensive
persuasive
commercial
23
A measure of your ability and willingness to repay a loan is called:
character
creditworthiness
capital
capacity
24
A mixed economy is a mixture of a market economy with some aspects of
market economy
mixed economy
traditional economy
command economy
25
Thequantity of a product that producers make available for at various prices over a given time
supply
balance
grace period
demand