Final Exam Career Prep

Which of the following is NOT a way to earn money when investing in stocks?

When you are borrowing you are paying interest (want low rates)

A person who supports and stands up for someone else

___ can help you protect yourself against unexpected accidents

Something you own of value

navigating the digital world safely, responsibly, and ethcially

Something you owe (debt)

If u have a bill due on Feb 7th w/ a 2 day grace period, what's the latest day u can pay w/out having to pay a late fee

How does a bank earn money?

Long term investment account, provided by the employer for retirement funds

Ur comparing loans to buy a car, what item below would NOT be used to help determine the overall cost of the car loan

What are credit scores used for?

Spreading your money among different savings and investments

What can cause auto insurance premiums to go up?

A credit score of 300 is a really good score.

No investment strategies have performed as well as the stock market throughout history.

Identity thieves can use personal information to:

Someone who uses goods and services to satisfy wants and needs

Money put into an account

Homes have the potential to appreciate in value over time

Earning interest on previously earned interest plus the principal amount

Having a low credit score can make it difficult to:

Comparing a check register at the end of the month with the bank statement.

A savings account that pays higher interest rate & generally requires a higher minimum balance.

Which is higher - gross pay or net pay?

What is the main difference in investing money versus saving money?

Something you OWN of value

ALL the information about a person that can be found online

Which is not a type of credit?

If you have ODP (Overdraft Protection) you won't ever bounce a check

List of deposits and withdrawals from a checking account

What type of insurance would cover? Doctors visits for injury AT WORK

A safe low-return investment available from banks. Perfect for kids and teens just starting out

___ is a legal contract between an insurance company and the policyholder buying the insurance.

A type of loan used to buy housing

What should you compare to help you determine which car loan will be best for you

Savings account in which money is left on deposit, to earn a specific rate of return

Offers a convenient way to purchase things through paper check and debit card.

The primary purpose of a spending plan is to achieve which of the following goals?

If you have insurance, you will never have to pay out of pocket for accidents and/or illnesses

The best time to start investing is after working a job full-time for at least five years

2types of investment options w/ same interest rate, do u want a rate that comp daily or monthly

A law that protects ownership of & control over the work someone creates

When you are saving, you are being paid interest (want high rates)

A bill, such as monthly rent, which is the same each month.

Increasing your 401k deduction will [increase or decrease] your net pay.

The basic rule of a risk-to-return relationship is the higher the risk, the higher return rate

Measure of financial wealth (assets - liablities = networth)

Amount of a paycheck one gets to keep after taxes and other deductions are taken out

Something you OWE (debt) liability-such as mortgage, car loan, college loan, credit card debit

Net Pay Formula: Gross Pay - Deductions = Net Pay

A person who has malicious intent to hurt or damage someonBystander

Which of the following can impact your credit score?

Using a debit card for purchases is a convenient way to buy now and pay later.

Credit reports recommend that you check the status of your credit report at least

The regular payment you make each month for insurance is called a....

Is buying a car a type of investment?

Which of the following services takes money out of your account at the time a purchase is made?

files placed on ur computer by sites u visit 2 collect info about ur computer & webpages u view

What is the term that defines how much you are allowed to spend on your credit card?

Which investment potentially has the highest risk & is most likely a higher rate of return

What type of insurance would cover? Damage to a home (owned) from a hail storm.

Amount of time after the due date one can make payment without incurring a fee or penalty

Making a minimum payment on a credit card means.....

What % of Americans are living "Paycheck to Paycheck?

Percentage of income for time out of work due to sickness or injury

Which payment method typically charges the highest interest rate?

What type of insurance would cover? Financial support for funeral expenses

Ur getting a car loan, a shorter loan term, will make the total cost cheaper, but the monthly payment will be higher

Sharing private, sensitive, or confidential information about oneself with others

a person who does nothing when they witness something happening

What type of insurance would cover? Loss of possessions in a rented apartment due to a fire

A way for you to buy something now and pay for it later

Which document puts you at the least risk of identity theft?

A bill, such as a utility bill, which is a different amount each month