Investigates and takes action against dark patterns

What is the STAR interview method?

A way to interview explaining the Situation, Task, Action, and Result.

What is a dark pattern?

. A user interface designed to trick or manipulate people

Scam where tricksters fish for personal information

What are the four main ways to view your credit score?

Online, a free annual one, go the bank, 4-6 free ones

What is a pump and dump scam?

A scam where stock prices are artificially inflated

What is the avalanche method?

Paying off debts with the highest interest first

What is authenticity?

Consistently representing your brand’s core values

Why is comparison shopping important?

It helps you find the best product for your needs at the best price.

Why should you pay more than the minimum payment on an amortization loan?

It reduces the principal faster and saves interest

A company where you earn money by recruiting others who also recruit people

What is a credit report?

A detailed report of an individual's credit history.

Why should you review your credit report regularly?

To monitor how different factors are impacting your FICO score, To check your credit report for accuracy

What is the Snowball Method?

Paying the smallest debt first and working upwards

A document that lists your education, work experience, and skills for jobs

Difference between credit and debit cards

debit comes directly out of your bank account and credit does not

What is a cover letter?

A letter that introduces yourself and explains why you’re fit for a job.

What is a prepaid card?

A limited card that only has the amount you loaded onto it.

What were the two red flags Frank Abegnale talked about?

Sense of urgency and Request personal info

What is a pyramid scheme?

An illegal scheme where participants earn money by recruiting others,

What is one way ads influence people?

Creating emotional connections with the audience.

Why is budgeting important?

It helps you avoid debt and manage expenses.

Three ways to save money when grocery shopping are...

buy no name brands, plan your meals around sale items and use coupons.

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Personal Finance Final Review 2025

43 termsStudBud Administration5 plays

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Questions 43

Answers

1
How much should you have for a down payment on a house?
15
50
20
10
2
What is the FTC
Has no authority over dark patterns
Investigates and takes action against dark patterns
Designs dark patterns
Encourages companies to use dark patterns
3
What is the STAR interview method?
A way to interview explaining the Situation, Task, Action, and Result.
A method of dressing professionally for an interview
A style of asking questions during the interview.
A technique to research companies before an interview.
4
What is a dark pattern?
A feature that protects users from harmful content.
. A user interface designed to trick or manipulate people
A type of coding error that causes websites to crash.
A stylish website design using dark colors for a sleek look.
5
What are two options to pursue after high school?
Ignoring job opportunities altogether or retire
Waiting until retirement to make decisions or stay in high school
Going back to middle or elementary school
College or career
6
What is phishing?
Cybersecurity tool
Secure file transfer
Scam where tricksters fish for personal information
How companies gather feedback
7
What is the Pay Yourself First way of budgeting?
Save money first
Pay off debt first
Spend money on entertainment first
Pay utilities first
8
Zero budgeting is where you account for every cent.
False
True
9
Higher credit score is a non-monetary cost of identity theft.
False
True
10
What are the four main ways to view your credit score?
ask a friend, try to calculate it yourself, go to an ATM, ask your teacher
Online, a free annual one, go the bank, 4-6 free ones
there are only 2 ways, Online or a professional at a bank
look online, ask your parents, guess, ask your employer
11
Salary is a job benefit.
True
False
12
Equal billing is where you pay the same amount for the rest of your life.
False
True
13
Which of the four factors directly impact your total cost of using the credit card?
Penalty Fees/Rates
All of these
APR (Annual Perentage Rate)
Annual Fee
14
What is a pump and dump scam?
Marketing strategy where companies offer discounts to boost sales
A scam where stock prices are artificially inflated
A method of securing loans by using multiple small stock purchases
Quick way to grow and sell stocks for profit
15
The 50/30/20 rule is 50% wants, 30% savings, and 20% needs
False
True
16
What is the avalanche method?
Paying off debts with the lowest interest first
Paying off debts with the highest interest first
Paying off debts with the lowest principle first
Paying off debts with the highest principle first
17
What is authenticity?
Consistently representing your brand’s core values
Marketing based on what people want to hear.
Creating a fake persona to attract more customers.
Copying successful competitors’ strategies to fit in.
18
Why is comparison shopping important?
It guarantees you will get free shipping on every purchase.
It helps you find the best product for your needs at the best price.
It allows you to avoid spending money entirely.
It makes shopping take longer, so you buy less.
19
Webpage development is a hard skill
False
True
20
A whammy is an emergency expense.
True
False
21
Why should you pay more than the minimum payment on an amortization loan?
It reduces the principal faster and saves interest
It reduces the interest rate
It is applied only to interest
Amortized loans have higher rates
22
What is an MLM?
A regular retail store with multiple product levels.
A company where you earn money by recruiting others who also recruit people
A government-supported program for small businesses.
A business where you earn money mainly by selling products to customers.
23
What is a credit report?
A detailed report of an individual's credit history.
A report about signing up for a credit card.
A piece of junk mail.
A summary of current events regarding credit.
24
Why should you review your credit report regularly?
To increase credit views, which automatically increases your credit score
To open additional loans and lines of credit
To monitor how different factors are impacting your FICO score
To check your credit report for accuracy
25
Lesson planning is a soft skill
True
False
26
What is the Snowball Method?
Combining multiple debts
Paying the smallest debt first and working upwards
Ignoring debt until it's gone
Paying the highest-interest debt first
27
What is a resume?
A list of your favorite hobbies and TV shows.
A daily planner used to schedule meetings.
A formal letter used to quit your job.
A document that lists your education, work experience, and skills for jobs
28
Three credit reporting agencies?
Equifoul, Experian, Trans Union
Equifax, Experian, Trans Union
Equifax, Experian, Trans Universal
Experian, Trans Unite, Equifoul
29
The envelope method of budgeting is where you hide money envelopes for later use.
True
False
30
Difference between credit and debit cards
debit isnt coming out of your bank account but credit is
they’re the same
I’m not sure
debit comes directly out of your bank account and credit does not
31
What is a cover letter?
A letter that introduces yourself and explains why you’re fit for a job.
A letter sent to complain about a product or service.
A detailed list of your job skills and work history.
A form you fill out when applying for a loan.
32
What is a prepaid card?
A payment used to pay friends back
A card with unlimited acsess to your bank account.
A limited card that only has the amount you loaded onto it.
A card only useable at one store
33
What is the maximum percentage of your car payment to income rule
10%
15%
25%
40%
34
What were the two red flags Frank Abegnale talked about?
They always ask for in-person meetings and ID.
Sense of urgency and Request personal info
They offer free vacations with no strings attached.
They promise guaranteed investments with high returns.
35
A pet fee, a pet deposit, and pet rent are the same thing.
False
True
36
What is a pyramid scheme?
An illegal scheme where participants earn money by recruiting others,
A marketing strategy used by most retail stores.
A government-run program for building wealth.
A business model where you make money primarily by selling real products.
37
Using car sharing is a cheaper alternative to owning a car
True
False
38
3 components of a loan
principal, term, schedule
interest, term, payment
term, amount, schedule
term, principal, interest
39
What are the minimum and maximum credit scores
250-800
400-800
300-850
400-900
40
Which is an example of a dark pattern?
A clear and simple privacy settings page.
A website that explains all fees clearly before checkout.
Roach motel
A website that makes it easy to cancel your subscription with one click.
41
What is one way ads influence people?
Encouraging critical thinking about consumerism.
Providing accurate, unbiased news coverage.
Forcing people to purchase products against their will.
Creating emotional connections with the audience.
42
Why is budgeting important?
It guarantees you will become rich overnight.
It lets you ignore financial responsibilities
It helps you avoid debt and manage expenses.
It prevents you from ever spending money.
43
Three ways to save money when grocery shopping are...
buy no name brands, plan your meals around sale items and use coupons.
use coupons, buy no name brands and take a taxi home.
buy EVERYTHING that is on sale, use coupons and buy in bulk.
only buy name brand products, bring a list and go just before dinner time.

Personal Finance Final Review 2025 Flashcards | StudBud