Final Exam Career Prep

Percentage of income for time out of work due to sickness or injury

Making a minimum payment on a credit card means.....

Which of the following can impact your credit score?

files placed on ur computer by sites u visit 2 collect info about ur computer & webpages u view

If you have ODP (Overdraft Protection) you won't ever bounce a check

navigating the digital world safely, responsibly, and ethcially

Credit reports recommend that you check the status of your credit report at least

If you have insurance, you will never have to pay out of pocket for accidents and/or illnesses

Amount of time after the due date one can make payment without incurring a fee or penalty

If u have a bill due on Feb 7th w/ a 2 day grace period, what's the latest day u can pay w/out having to pay a late fee

The best time to start investing is after working a job full-time for at least five years

What % of Americans are living "Paycheck to Paycheck?

A savings account that pays higher interest rate & generally requires a higher minimum balance.

Earning interest on previously earned interest plus the principal amount

Which of the following services takes money out of your account at the time a purchase is made?

What is the term that defines how much you are allowed to spend on your credit card?

Something you own of value

a person who does nothing when they witness something happening

The basic rule of a risk-to-return relationship is the higher the risk, the higher return rate

What type of insurance would cover? Financial support for funeral expenses

Sharing private, sensitive, or confidential information about oneself with others

Using a debit card for purchases is a convenient way to buy now and pay later.

Something you OWE (debt) liability-such as mortgage, car loan, college loan, credit card debit

No investment strategies have performed as well as the stock market throughout history.

2types of investment options w/ same interest rate, do u want a rate that comp daily or monthly

A way for you to buy something now and pay for it later

Something you owe (debt)

Which payment method typically charges the highest interest rate?

Increasing your 401k deduction will [increase or decrease] your net pay.

A type of loan used to buy housing

When you are borrowing you are paying interest (want low rates)

Which is higher - gross pay or net pay?

What type of insurance would cover? Damage to a home (owned) from a hail storm.

Savings account in which money is left on deposit, to earn a specific rate of return

Ur getting a car loan, a shorter loan term, will make the total cost cheaper, but the monthly payment will be higher

Which investment potentially has the highest risk & is most likely a higher rate of return

Spreading your money among different savings and investments

a law that protects ownership of & control over the work someone creates

Measure of financial wealth (assets - liablities = networth)

Money put into an account

Which of the following is NOT a way to earn money when investing in stocks?

A person who has malicious intent to hurt or damage someonBystander

How does a bank earn money?

Homes have the potential to appreciate in value over time

___ can help you protect yourself against unexpected accidents

Comparing a check register at the end of the month with the bank statement.

What type of insurance would cover? Doctors visits for injury AT WORK

A safe low-return investment available from banks. Perfect for kids and teens just starting out

List of deposits and withdrawals from a checking account

What type of insurance would cover? Loss of possessions in a rented apartment due to a fire

Which is not a type of credit?

Something you OWN of value

___ is a legal contract between an insurance company and the policyholder buying the insurance.

Amount of a paycheck one gets to keep after taxes and other deductions are taken out

ALL the information about a person that can be found online

What is the main difference in investing money versus saving money?

Net Pay Formula: Gross Pay - Deductions = Net Pay

A bill, such as monthly rent, which is the same each month.

Which document puts you at the least risk of identity theft?

The primary purpose of a spending plan is to achieve which of the following goals?

What can cause auto insurance premiums to go up?

Offers a convenient way to purchase things through paper check and debit card.

Ur comparing loans to buy a car, what item below would NOT be used to help determine the overall cost of the car loan

Long term investment account, provided by the employer for retirement funds

A credit score of 300 is a really good score.

What are credit scores used for?

A person who supports and stands up for someone else

Is buying a car a type of investment?

Identity thieves can use personal information to:

Having a low credit score can make it difficult to:

A bill, such as a utility bill, which is a different amount each month

The regular payment you make each month for insurance is called a....

Someone who uses goods and services to satisfy wants and needs

What should you compare to help you determine which car loan will be best for you

When you are saving, you are being paid interest (want high rates)