LifeSmarts Personal Finance Practice Quiz

When an asset increases in value it:

All are ways to pay for college except:

What is an insurance deductible?

The federal minimum wage has been $7.25 since:

A person's payment activity over a period of time:

Benefits like health insurance and retirement plans are typically offered to:

An asset purchased with the goal of providing additional income from the asset is called:

Checking several alternatives to find the best product at the best price is:

These investment vehicles are best described as certificates of debt:

In accounting, an obligation to be paid off within one year is called a:

Which is secured debt?

What is the main purpose of taxation?

Creditworthiness is related to:

Which is not one of the broad categories in the financial services sector:

Net pay is calculated by:

An emergency fundshould be how many months worth of living expenses?

This guarantees to a consumer that a product will perform as intended:

A fixed expense is:

The opportunity cost of a summer job is:

Which does not related to retail banking?

You make this payment when you agree to rent an apartment:

Each payday some of your check is deposited into your savings account. This is an example of ?

If you wait until this age to begin SS retirement, you have maximized the monthly amount:

The remaining unpaid balance on a loan is known as the:

On average, which of these jobs pays the least in the US?

Getting an appraisal is most commonly a part of this process:

When you purchase this investment you are a part owner of the company:

A budget can help you in all of these ways except:

Which is the responsibility of the tenant?

Which represents delayed gratification?

Consumer credit is also known as:

The damage or injury caused by an accident:

Factors of production include all but:

Use this to compare different assets:

This not for profit financial cooperative offers saving and lending services to members:

When speaking of investments, assets include everything but:

Fund availability relates to:

This document shows money earned and taxes taken out for a specific time period:

Which does not related to credit cards?

Which is not related to health insurance?

Which is not related to stock dividends:

Most workers with employer-sponsored retirement plans have what type of plan?

Which is most liquid?

Receive a percentage of sales as income:

At this age you may do any job, including hazardous work:

Which insures bank deposits?

The amount you pay for insurance every month:

Why is compound interest more advantageous to the consumer than simple interest?

A child up to 18 may receive monthly disability or blindness payments through this SS program:

The largest stock market in the world is: