Charge more interest than a typical credit card

Negative items on a credit report that are not correct:

Should be removed when shown to the credit reporting co.

Depends most on the amounts you owe and your payment history

Which is NOT something you should look for in a savings account?

Rewards for using your debit card

includes combination of numbers and letters meaningful

Are avail. for residents of every state and all religions

To file your taxes you need

W2 and 1099INT reports and chariatable receipts

All of the following would be considered closing costs except for:

Cost of repainting the kitchen before moving in

How much money should you save each month?

You must decide what you can afford

fee charged when your checking acct balance goes below zero

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FINAL EXAM REVIEW

25 termsStudBud Administration194 plays

Final exam study

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Questions 25

Answers

1
Internships
Can be paid or unpaid
Can never turn into a paid position
Always last for one year
Are always paid
2
How can you make the most of a tight budget?
Setting good priorities
Buying on sale
Making a list before shopping
All of these
3
Payday loans
Are the best way for a student to build up good credit
Charge more interest than a typical credit card
are a cheap way to borrow since it is shortterm
Are available from your local bank branch
4
Negative items on a credit report that are not correct:
Are best ignored
Can never be removed
Should be removed when shown to the credit reporting co.
Don't affect your credit rating
5
The location of a home is important because:
A good location will make a home easier to sell later
Homes in good locations will appreciate in value
Not all locations have good schools or amenities
All of the above
6
You borrow $50 from a friend. She insists you pay back $60. What is the extra $10 called?
Principal
Interest
Bribery
Credit
7
Your FICO score
Does not depend on your payment history
Depends most on the amounts you owe and your payment history
Depends more on new account information
Is better if you have not held credit accounts for very long
8
Which is NOT something you should look for in a savings account?
Rewards for using your debit card
Free online banking
Low (or no) monthly fee
Competitive interest rate
9
<p>Time Management can help you:</p>
Minimize stress from feeling too busy
Reach your long-term and short-term goals
Balance work, rest, and recreational activities
All of the Above
10
A good password
easy to remember like your phone number
should be written in your wallet
should be used for all online accounts and shared w/ friends
includes combination of numbers and letters meaningful
11
This allows you to use a car for a specified period of time for a specified monthly payment.
contract
loan
gift
lease
12
Scholarships
Are only available once a student is enrolled
Are never as good a deal as loans from a student's bank
Are avail. for residents of every state and all religions
Are always applied for by the student without help
13
To file your taxes you need
A computer
Every deposit slip from your savings account
Every pay stub from the entire year
W2 and 1099INT reports and chariatable receipts
14
Which of the following is NOT a type of insurance?
Identity Theft
Deductible
Homeowners
Auto
15
All of the following would be considered closing costs except for:
Cost of repainting the kitchen before moving in
Fee for obtaining credit report
A title search
Title insurance
16
Improving your credit score will let you get:
Higher interest rates on loans
Neither A or B
Both A and B
Lower interest rates on loans
17
When you borrowed $50 from your cousin, then paid her $60 back, what's the original $50 called?
Credit
Bribery
Principal
Interest
18
Which is NOT a step in researching your purchases
Getting your friends' approval
Comparing prices
Looking at customer's reviews
Trying on apparel
19
How much money should you save each month?
Only save your spare change
Save $50 from every paycheck
You must decide what you can afford
Always save 10% of your income
20
An overdraft fee:
fee charged when your checking acct balance goes below zero
Is a fee paid to a payday loan company
Is the minimum balance required to be held in a bank account
Is a fee charged by a business when a check bounces
21
This type of insurance pays to fix damages that you cause, but does not cover your own car.
Liability
Collision
No-fault
None of the above
22
If your MP3 player is stolen from your apart. what type of insurance would it be covered under?
Homeowners insurance
Auto insurance
Life insurance
Renters insurance
23
When estimating income, it is better to be:
A little low
A little high
Either, it doesn't matter
24
An associate degree is a
6 year degree
4 year degree
None of these
2 year degree
25
A resume is generally ______ page(s) in length.
1
3
any of these pages count
2 to 5

FINAL EXAM REVIEW Flashcards | StudBud