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Personal Finance Quiz Flashcards | StudBud
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Personal Finance Quiz
Personal Finance Quiz
25 terms
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StudBud Administration
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27 plays
An ez pz guide to money management
Flashcards
25 cards
F
Practice quiz
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Host live
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Questions
25
Answers
1
If you need more money to pay your rent, what spending do you cut back on last?
Gifts and Hobbies
Clothing
Gas
Food (eating out and such)
2
If you let your friend drive your car, and they crash into a sign, whose insurance pays?
No one, just ignore the problem altogether
You split it 50-50
Yours
His
3
Something you own that's worth value is an?
Profit
Asset
Liability
4
What's the quickest way out of credit card debit?
Fake death, Change name, and move to a different place, ezpz
Just pay it off with another card, then do the same again
Call and discuss charges, payoff the cheapest first, repeat
Pay the minimum so it doesn't inconvenience you
5
If you check your credit reports once a year, how much will that typically cost?
$420
$180
$0
$50
6
The time given to pay your credit card bill without getting finance charges
Grace period
Time frame
Extention
7
What things should you consider when finding a job?
Location
Benefits
All of the above
Pay
8
Will you pay less interest on a 15 or 30 year loan, though the monthly cost will be greater?
30
15
They'll be the same
9
How often would you check your credit score?
At least once a year
Once a decade
I don't let society tell me what's important
Every. Single. Day.
10
In what order should you try aim to pay off your debt?
Highest interest rates to the lowest rates
Largest to smallest
Not paying them at all
11
What is Gross pay?
Money that you've touched (#Roasted)
The amount you have after taxes and such are taken
The amount you have before taxes and such are taken
Money that has a disease
12
Should you always be saving money for emergencies and big purchases?
No
Yes
I'll just have my parents pay for it
13
Net Pay is?
The amount of money you have before taxes and such are taken
The amount of money you have after taxes and such are taken
When the bank puts your paycheck in a goodie bag
14
Lost or Stolen credit cards should be reported immediately?
Yes
No
15
At what age should you be saving for retirement?
21
18
Every age
65
16
Should you put money into a savings account every time you get paid?
No, spend now save later
Yes, Start saving sooner and you'll have more later
17
What is the most important factor when selling a house?
Type of driveway
Location
Color
Shape of windows
18
The least amount of money you can pay towards your credit is called
Minimum
monthly fee
interest charge
19
What is a good credit score?
0
300 and Under
700+
20
What's a Fixed Expense?
An expense (like a car) that has recently been repaired
A expense that varies from time to time
An expense (like a car)that has broken down and needs repair
An expense that doesn't fluctuate
21
What is a liability?
Something you own that's worth money
Something that you have to pay(debt, bills, etc)
Someone that depends on your income
All of the above
22
What is liquidity?
Resources that have monetary value in certain quantities
How easily money can be converted to cash
How liquid a liquid is at is regular liquid temperature
23
Banks look at your credit score before they give you a loan
False
True
Not if you're pretty ;)
24
What does PYF mean?
Pass the yummies my way
Pay yourself first
Pimp your motorcycle
Play your own music
25
Which should you pay off first?
Credit card
Home loan
Student loans
