HT Financial Literacy Final Exam Review 2021 #2

Consumers should always make quick decisions about financial matters.

Which insurance?  My car is damaged by a hailstorm.

Also known as a wage and tax statement and is used to complete tax returns.

The purpose of the IRS is to:

What are the payment options in regards to a revolving credit account?

One advantage of mutual funds is diversification.

Which of the following will give you the investor a better picture on how the stock market performed that day?

All individuals will pay the same rate regardless of their driving record.

Penny stocks sell for less than $5 a share?

Fixed expenses will change according to a family's needs and short term goals.

Typically who or what sets the credit limit on your credit card.

A measure of how quickly you can get your cash without the loss of value.

Crytocurrencies such as Bitcoin pay dividends or interest similar to stocks.

Which of the following are forms of taxable income?

The Widget Corporation announces a 2 for 1 stock split and you own 100 shares that are valued at $50 per share. Describe

A scam that uses an email message to get a person to give out personal information.

Which insurance? A person totals my new Lexus with the minimum of insurance in NJ?

Who or what establishes the beneficiary of a life insurance policy?

A key to successful investing is to:

Beginning investments should be conservative and low risk.

Mutual funds allow individuals to get into the market with a smaller buy in.

Referred to in a three part series, 100/300/100

Which of the following is not an example of revolving credit?

Over 50% of jobs are never posted and filled by individuals with inside information.

Debit cards have the same protections as credit cards.

Under the Consumer Credit Protection Act you are liable for the first __ dollars if you card is stolen.

A net worth statement is most commonly used:

Most experts agree that young investors should have this type of IRA or 401k

A person's age, investment goals,income and comfort level all play into determining their risk tolerance

I run off the road and damage a person's fence- which insurance?

If a stock splits 2 for 1 and you own 100 shares, how many will own after the split?

Type of stock that consistently pays dividends to stock holders. Used to supplement income.

Blue chip stocks are stocks of well known well established companies.

Once a low credit score is earned there is no quick fix to increase your score.

A person's health insurance is most often obtained through their

Stocks of large, well established corporations.

You should tailor your resume to the job for which are applying.

A negative item may show up on your credit report for 7 years.

Insurance deductibles are set by:

What is the minimum a person should contribute to their 401k?

Due to the passage of the Affordable Care Act children may stay on their parents health insurance until they are:

"If you aren't willing to own stock for 10 years, don't even think about owning it for 10 minutes", describes what?

How can you avoid paying interest fees on your credit card?

Early withdrawal penalties are charged against CD's for withdrawals prior to the maturity date.

Which of the following items are used when considering a person compentent to sign a contract

The number one rule when it comes to saving or investing is to:

Poor credit will result in the which of the following?

Which of the following items will help you obtain the job/career that you want?

A person can get their free credit reports at annualcreditreport.com

I suffer injuries that require medical treatment. Which insurance?

Which is not an advantage of a 401k?

If you go outside of your PPO network, you can expect to pay a larger portion of the bill.

Which insurance covers the following scenario? After your knee surgery, you are unable to work for 3 months. Insurance?

Most experts agree that a person should save at least ___ of their monthly income.

The maximum amount you may borrow on a credit card is known as:

The credit score used by most lenders was developed by the ___ company.

A personal property inventory is most commonly used for:

A define contribution plan for employees of companies that operate for a profit.

A prolonged period of falling stock prices.

Most health care plans will pay for cosmetic surgeries.

A prolonged period of rising stock prices.

The use of long-term savings to earn a financial return.

When a company first goes public it is referred to as an:

Partial ownership of a company.

Website where you can receive your free credit reports.