LifeSmarts Personal Finance Practice Quiz

This guarantees to a consumer that a product will perform as intended:

An emergency fundshould be how many months worth of living expenses?

Checking several alternatives to find the best product at the best price is:

At this age you may do any job, including hazardous work:

If you wait until this age to begin SS retirement, you have maximized the monthly amount:

A person's payment activity over a period of time:

A fixed expense is:

What is an insurance deductible?

Why is compound interest more advantageous to the consumer than simple interest?

Which does not related to credit cards?

The largest stock market in the world is:

When an asset increases in value it:

Benefits like health insurance and retirement plans are typically offered to:

In accounting, an obligation to be paid off within one year is called a:

This document shows money earned and taxes taken out for a specific time period:

Use this to compare different assets:

Getting an appraisal is most commonly a part of this process:

Most workers with employer-sponsored retirement plans have what type of plan?

Receive a percentage of sales as income:

Factors of production include all but:

When you purchase this investment you are a part owner of the company:

Which is secured debt?

The amount you pay for insurance every month:

Consumer credit is also known as:

All are ways to pay for college except:

Which is the responsibility of the tenant?

What is the main purpose of taxation?

The remaining unpaid balance on a loan is known as the:

When speaking of investments, assets include everything but:

Each payday some of your check is deposited into your savings account. This is an example of ?

Which insures bank deposits?

Which is not related to stock dividends:

Fund availability relates to:

Which is most liquid?

Which does not related to retail banking?

Which is not one of the broad categories in the financial services sector:

This not for profit financial cooperative offers saving and lending services to members:

Which represents delayed gratification?

The damage or injury caused by an accident:

A child up to 18 may receive monthly disability or blindness payments through this SS program:

Which is not related to health insurance?

You make this payment when you agree to rent an apartment:

An asset purchased with the goal of providing additional income from the asset is called:

The opportunity cost of a summer job is:

On average, which of these jobs pays the least in the US?

These investment vehicles are best described as certificates of debt:

A budget can help you in all of these ways except:

Net pay is calculated by:

Creditworthiness is related to:

The federal minimum wage has been $7.25 since: