Independent Living - FINAL EXAM Review!

Your credit rating does not follow you from one place to another.

One late payment can lower your credit score.

Plastic money which is a convenient way to make a purchase.

What is the best way to avoid credit card debt?

There is no relationship between goals and values.

Insurance similar to homeowner's insurance but only covers your personal property is:

Certificate of Deposits (CD's) are more accessible/liquid than checking accounts.

Needs are essential and wants increase the quality of living.

A policy is a contract stating the terms of the insurance.

You do not need insurance if you rent a home instead of buying one.

Which type of endorsement is the best if you are mailing a deposit to your checking account?

Leasing car payments are generally __________ than financing payments.

When renting, purchasing renter's insurance is a requirement.

When you sign the back of a check to cash or deposit it you ___________ the check.

What is NOT true about writing a resume?

A house is foreclosed on when you fail to repay the loan.

If you overdraw your checking acct, you pay a fee to the bank and business that got the payment

If you keep a minimum balance in your checking account, many banks will pay you ____________.

Which of the following do you need to pay back at the end of college?

Which of the following is not an advantage of home ownership?

The deductible is the amount one must pay before the insurance company will pay.

The document signed that discusses the terms of living in a rental property.

All of the following are reasons why people choose to rent a home rather than buy one except:

Take home pay is the same as:

"Pay To The Order Of" & "For Deposit Only" are examples of blank endorsements.

When driving a car, it is a law that you must have liability insurance.

A higher interest rate triggered by being late or missing a credit card payment

Which of the following gives a car buyer legal ownership?

If you pay your credit card bills in full each month, you do not owe finance charges/interest

You are ready for this final exam!

Health Insurance provides families with financial assistance during periods of:

Money is deducted from a person's checking account when purchases are made?

The type of car does not affect the cost of the insurance.

A check that has not been cashed is considered this.

When someone gathers enough personal & financial information about you to assume your identity.

Net income is your income before deductions and taxes are taken out of your paycheck.

All of the following affect your monthly mortgage payment except: