Personal Finance Final Exam Review

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

What is the difference between saving and investing?

What are the components of a solid financial goal?

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

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

What is a benefit of electronic banking?

How does the time value of money benefit you?

Identify the safety tip for using ATMs

Which is NOT true about direct deposits or payments?

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

What is good advice for buying auto insurance?

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

What is a housing lease?

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

What is an advantage of renting?

Why is it advisable to shop for a credit card?

What is an example of non-installment credit?

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

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

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

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

Which of the following is true about the Federal Reserve?

What does the FDIC do?

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

How does inflation impact the rate of return on investments?

How is a career different than a job

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

Which of the following are NOT part of a lease

What is the main function of a checking account?

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

Which of the following are traits of credit unions?

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

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

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

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

What is the opportunity cost for something?

What is the security deposit for?

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

What is the purpose of a W-2?

Why should you comparison shop for a vehicle?

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

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

What is a credit report?

What is the purpose of a W-4?

One of the advantages of using credit is

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

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

Who pays the property taxes on a rental property?

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

What is the relationship between risk and return?

What does the Truth in Lending Act do for consumers?

When can a landlord evict a tenant?

What factors influence your credit score