Personal Finance Final Reveiw

Question 1

The fee used to borrow money is called.

Accepted Answer

Interest

Question 2

The amount of money you are responsible for paying before the insurance company pays any money.

Accepted Answer

Deductible

Question 3

The generic term for a credit score is called the ________ score.

Accepted Answer

FICO

Question 4

The only time you need to sign a deposit slip is

Accepted Answer

when you receive cash

Question 5

What is the minimum car insurance you can carry in the state of Missouri.

Accepted Answer

25/50/10

Question 6

The "Bankers Bank" is also called the

Accepted Answer

Federal Reserve

Question 7

What is the maximum this person can spend on this card without being assessed a fee.

Accepted Answer

2100

Question 8

What number represents "what the check was for?"

Accepted Answer

5

Question 9

Which of these is the most liquid.

Accepted Answer

Checking Account

Question 10

This is purchased to manage risk.

Accepted Answer

Insurance

Question 11

When dealing with credit cards which of these is a true statement.

Accepted Answer

The longer you take to pay the more you pay in interest.

Question 12

When you put your signature on the back of something it is called a(n)

Accepted Answer

Endorsement

Question 13

When a person is unable to pay their bill a solution to "start over" again is sometimes called.

Accepted Answer

Bankruptcy

Question 14

The tax form that tells the employer how much to take out of your check is called the_________.

Accepted Answer

W-4

Question 15

Which one of these is not a Credit Reporting Agency.

Accepted Answer

Transworld

Question 16

This tax document summarizes all of the money you made and taxes you paid.

Accepted Answer

W-2

Question 17

When a business shares part of its profit as an incentive to stay it is called a ________

Accepted Answer

Dividend

Question 18

A market that is on the rise is called what type of market?

Accepted Answer

bull

Question 19

On the investment pyramid which items are at the top?

Accepted Answer

Speculative tools

Question 20

#1 on this check represent

Accepted Answer

Date

Question 21

If Bob makes $5.00 per hour and works 40 hours. He pays $10 Fica tax. What is the net Pay?

Accepted Answer

190

Question 22

The agency that is called the "police" of taxes is ____

Accepted Answer

IRS

Question 23

Tax deferred means we pay the taxes on something at a later date.

Accepted Answer

True

Question 24

This is the equation in which we determine things to double.

Accepted Answer

Rule of 72

Question 25

What agency oversees the buying and selling of stocks?

Accepted Answer

SEC

Question 26

Lenders can not lie about the loan they are giving you. This is the ________ Act.

Accepted Answer

Truth in Lending

Question 27

A credit card is this type of credit.

Accepted Answer

Revolving Credit

Question 28

An example of a variable expense is

Accepted Answer

Gasoline for your car

Question 29

How do we determine net pay?

Accepted Answer

Gross Pay- Deductions = Net Pay

Question 30

The monthly payment for insurance is called the_____.

Accepted Answer

Premium

Question 31

How many times a year should you at least check your credit score?

Accepted Answer

1

Question 32

When you get into a car accident and call the insurance company this is called a ____________.

Accepted Answer

Claim

Question 33

" Don't put your eggs in one basket" when dealing with securities means what?

Accepted Answer

That securities should be diversified

Question 34

When someone agrees to take over the debt if you can not pay this person is called a _______.

Accepted Answer

Co-signer

Question 35

What type of company sells its stocks on the stock market.

Accepted Answer

Public

Question 36

A mortgage payment is an example of a fixed expense.

Accepted Answer

True

Question 37

What is the best tool to use when comparing on e credit card to the other?

Accepted Answer

Annual Percentage Rate

Question 38

Using the rule of 72, If I have a $200 CD at 8% interest how many years will it take to double.

Accepted Answer

9 years

Question 39

When talking about FICA what are the two taxes it includes.

Accepted Answer

Social Security, Medicare

Question 40

When you call the insurance company and tell them you got into an accident it is called a ____

Accepted Answer

Claim

Question 41

When you give something up for something else it is called.

Accepted Answer

Opportunity Cost

Question 42

The person who lives in an apartment is called the_______________

Accepted Answer

Tennant

Question 43

What number is represents the routing number?

Accepted Answer

8

Question 44

The person that recieves the money from a life insurance policy is called the____________.

Accepted Answer

Beneficiary

Question 45

These stocks are considered to be the most conservative the best of the best.

Accepted Answer

Blue Chip

Question 46

The amount of goods in a market is called

Accepted Answer

supply

Question 47

A surplus is when you spend more money than you have.....

Accepted Answer

False

Personal Finance Final Reveiw

Questions 47

Personal Finance Final Reveiw

Questions 47