Personal Financial Literacy Review

Which of the following is NOT used to calculate a credit score?

What is an advantage of using a credit card instead of a debit card

This refers to the next best option you miss out on due to a decision you make

This is the type of account from which day to day transactions take place

A demand made by the insured for payments of the benefits provided by the insurance policy

accepting a reward not instead of waiting to gain a better reward later

Why are payday loans and rent to own companies dangerous to consumers

All of the following are mandatory deductions except:

These are examples of variable expenses

When someone steals your name, SS number, Credit Card number, or other information.

This type of pay is an hourly rate you receive for your work

This is how much money you make after taxes and mandatory deductions are taken out

All of the following are types of investments EXCEPT: 

Which payment method could cause long term problems due to high interest rates?

Shares of ownership in a corporation are called:

This type of automotive insurance covers damage to others caused by the policy owner

What is a negative aspect of using debit cards

What are mandatory deductions?

Setting aside money every paycheck to save for a house in ten years would be a:

Interest that adds up over time is called:

If you run into trouble with credit debt, this can help

Disposable income refers to:

This term refers to the return on an investment

APR stands for:

What is the best way for consumers to protect themselves and their investments?