Personal Finance Final

The more exemptions a workers claims, the less tax is withheld from his or her paycheck.

A rental agreement that specifies the rights and duties of the landlord and tenant

You deposit $500 for 1 year at an annual interest rate of 7%, how much interest will be earned?

Perks provide emotional satisfaction or social status rather than money

The chance that a war or election will affect the value of an investment is

Unlike the value of most vehicles, the value of a house generally

A spending and saving plan based on expected income and expenses

Liquidity is a measure of the ability to turn an asset into cash quickly and without penalty.

The person who is obligated to make monthly payments based on a lease agreement

Insurance for illness or injury, not job related, which prevents employee from working.

With regard to credit, delinquency is

Which of the following risk strategies involves self-insuring?

A place where investments are bought and sold

Which of the following is not a tenant responsibility?

Medium risk investment

The quantity of goods and services that producers are willing and able to provide is called

Which of the following items is a type of in-kind transfer payment.

A nonprofit financial institution that is owned by its members and organized for their benefit.

Once you are hired for a job, the skills and education needed for that job do not change

What has occurred when someone uses you personal information without your permission?

The amount owed on your credit card is an example of a liability

Risk is the chance of injury, damage, or economic loss

How long does a Chapter 7 Bankruptcy stays on your credit report?

The highest price a property will bring on the open market

A benefit often received by full-time workers

The potential for change in the value of an investment s called?

The job market is ever changing to meet the needs of employers with job openings

Estimated expenses are less than your actual expenses, the result is favorable budget variance

Your credit history is detailed in your

Which of the following saving/investing options has the highest risk?

Finding ways to lower your chance of incurring a loss

A good buying plan begins with

Owning a small business involves hard work but results in very little risk.

Process of selecting goods and services based on need, want, and logical choices

The federal government offers financial aid to students who qualify.

Specific tasks you can do, such as prepare a spreadsheet or operate a machine, are known as

The ability to prepare for future needs and meet current expenses is called?

A fixed annual sum of money divided among equal pay periods.

The measure of the ability to turn an asset into cash quickly is called?

The chance that prices in general will rise faster than the return on an investment is

A disadvantage of using credit is that

Which of the following payroll deduction is required by law?

Type of health insurance plan that provides routine medical care, hospital stays, and surgery

The amount of money a person has to spend after needs are met is called

Recording video or audio for later viewing or listening

If something is tax deferred, it is never taxed.

Employee's Withholding Allowance Certificate form to be filled out before you start working

Writing For Deposit Only and then signing your name on the back of a check is a

Increase in the general level of prices for goods and services

The total salary or wages earned during a pay period