Personal Finance Final Exam Review

What is the relationship between risk and return?

Using the rule of 72, how long will it take for an investment earning 12% to double

Why is it advisable to shop for a credit card?

When the market is doing well it is referred to as.....

What would be an example of an opportunity cost of investing in the stock market?

What should you do if you are a victim of identity theft?

What type of information is NOT found on a persons credit report?

What is the security deposit for?

What are the components of the 70-20-10 rule?

What could you do to find out what career you would be suitable for and would enjoy?

What is the main function of a checking account?

What type of professional can help me create an investment portfolio?

What is a benefit of electronic banking?

Which type of credit makes the same payment each month at the same time every month.

What is an example of non-installment credit?

Which is NOT true about direct deposits or payments?

What can happen to a person with a poor credit score?

What is the opportunity cost for something?

What would be something that you would buy using your discretionary income?

What does the Truth in Lending Act do for consumers?

When can a landlord evict a tenant?

Why do your values influence the way that you spend money?

What is a credit report?

What factors influence your credit score

What is an advantage of renting?

How is a career different than a job

Why should you comparison shop for a vehicle?

Which of the following is NOT an example of installment credit?

What is a housing lease?

How does inflation impact the rate of return on investments?

What is the purpose of a W-2?

What type of credit allows you to determine how much of the line of credit you use each month

Which of the following are traits of credit unions?

What type of investment tools offers tiered interest rates(more you have the higher % you get)

Who pays the property taxes on a rental property?

How does the time value of money benefit you?

What is the purpose of a W-4?

Joe makes 10 hour. Worked 40 hours. Taxes and withholdings 100. What is his net pay?

What is good advice for buying auto insurance?

Which of the following are NOT part of a lease

Which of the following is true about the Federal Reserve?

Why is it a good decision to have a diversified portfolio?

Identify the safety tip for using ATMs

What should you do to start to prepare to buy a house?

What are the components of a solid financial goal?

What cash management tool would be best for investing money for 5 years?

What does the FDIC do?

One of the advantages of using credit is

Which of the following is an advantage to owning your own home?

What is the difference between saving and investing?

Joe makes $10 per hour.He worked 30 hours this week. What is Joe's gross pay?

Which of the following would yield a larger investment assuming a constant 10% rate

If a stock has a BETA value of over 2.0 what does that tell an investor?

What is the rule for how much should you keep in savings for emergencies?

What factor can influence your starting salary at a new job?