Personal Finance Final Review

Financial plans that are more than 5 years off are called

Your net worth goes up when you

Some states collect personal property tax on

The total dollar amount you pay to use credit is the

policyholder pays all costs up to a certain amount after insurance pays 100% of the remaining

Installing fire extinguishers in your home is an example of

Earning interest on previously earned interest is called...

What is the court system that is set up in every state to settle minor disagreements?

In insurance, anything that may possibly cause a loss is known as a 

One use of discretionary funds is spending on: 

Earning interest on previous earned interest is called

A driver's insurance premium rates will probably increase if he or she

Which term refers to loss in value as an item gets older? 

Which is not a speculative investment? 

A cover letter gives a potential employer

A good budget has all of the following characteristics except

A person must use Form 1040 if he or she 

Spending, saving, and investing to have the kind of life you want by

Credit cards allow you to

Which of the "five C's" require that a person's assets exceed their liabilities?

An example of open-end credit is

In Ch 13 bankruptcy, the debtor usually gets to

An example of a variable expense is

The 1st step in balancing a checkbook is

A disadvantage of using a safe-deposit box is

A disadvantage of renting is

Tax collected by the state on the property left by a person in their will is called

The 1st step in planning a budget is 

The ways in which people make, distribute, and use their goods and services is called the 

Workers compensation is available only to workers who

Your biggest monthly expense as a tenant is

Of the following investments, the one with the most predictable income is 

Diversification is a key reason for buying a 

A position in which a person receives training working w/ experienced people in a field

When writing a check, include all of the following EXCEPT

A credit bureau is required to follow reasonable procedures to make sure that 

A pension plan is

A series of equal regular deposits is called 

Renting is often a wise choice when someone wants

A household inventory is

Good places to look for job listings include all of the following except:

The federal government collects a gift tax when

You will earn a higher interest rate when you

To earn high interest rates on a CD, you must accept all the following EXCEPT

A corporation gets its equity capital from its 

Factors that affect financial markets are

the FDIC insures depositors against losing their money in case of a 

The central banking system organization in the US is called the 

When shopping, avoid

The amount of goods and services available for sale is called 

A tax-credit is subtracted from

Collision insurance covers

The lowest price is generally the wisest choice when

A person joins an insurance company by purchasing a contract called a 

An example of a liquid asset is

A drawback of paying on credit is having

Better Business Bureaus handle 

Insurance risks involving losses caused by negligence are called

An example of a current liability is

Earned income includes

Someone who enjoys nature and the outdoors may have an aptitude for a career in

Cash that a married couple gives to another person is subject to a gift tax if its over

Buying an insurance policy is an example of risk 

Products often purchased using price negotiation are

What is an opportunity cost? 

How should a cardholder begin to correct a mistake on a credit card bill? 

By law an employer must pay for a portion of 

A savings option many employers offer is 

Saving for vacation next summer or paying off small debts by the end of the year are examples

Hairstyling and bookkeeping are examples of

The trade-of made by making one choice instead of another is called