Financial Literacy Final Exam Review

Stealing your Social Security number is one way someone could commit _______

An(n) ______ can be used to pay for unexpected expenses.

Which is one of the three major credit bureaus?

Which of the following is not a concern for someone who is computing the cost of a car loan?

Equal periodic payments that are made at a defined period of time

A charge if you miss paying at least the minimum payment by the payment due date

Which tax must be paid by everyone that works?

What is the first thing to consider when planning a budget?

A checkbook register includes the following columns except:

What is the purpose of a Carfax?

Amount of interest expressed as a yearly rate

The theft and illegal use of someone else's credit information.

What action should you take first if you see that your debt is mounting?

The FDIC insures bank deposits up to this amount per deposit in case of bank failure.

Which of the following events would not require reworking a budget?

Fixed amount of income regardless of the hours worked

The new balance on a credit card statement includes:

Three digit number that summarizes how well a person has handled debt

Offering a certain amount of always available credit for an undetermined amount of time

What is not listed on a "paycheck stub"?

You will need a drivers license & a vehicle registration to operate your car?

Form that allow employer to see what amount of tax to deduct from check based on allowances.

provision in cred card contract that allow creditors to review reports and charge a higher rate

Fixed expenses include all of the following except:

Which of the following is not a reason for your credit card interest rate to go up?

A bank account statement includes all of the following except:

Legal process in which a person or business declares the inability to repay debts.

The FICA tax includes two separate types of taxes

If you spend more than you earn, you will have a _________.

A form that is filled out on your 1st day of employment that is related to citizenship and/or immigration status is

Fee imposed when your payment is received after the due date or grace period.

Which of the following is not included on a credit report?

An identity thief is most likely to get access to your personal information if _______

A period of time usually 21 - 25 days when interest is not charged on current purchases.