Personal Finance (Exam Review)

Which is NOT recommended in the "Drive-Free" method of car purchasing?

Which of the following is the most cost-effective option for purchasing a home?

Instead of borrowing money for large purchases, set aside money in a ___ and pay with cash.

A board of directors has decided to issue a portion of its earnings to its shareholders called:

Rate X Hours Worked =

Which of the following techniques is not recommended for a serious risk?

Which statement is true about liquidity?

Which stocks do the best in a strong economy?

What factors affect credit score?

Money left over after you've paid your bills is called:

Which of the following is a sign that your identity has been stolen?

The benefit of diversification in your investments is:

This form is filled out when you begin a job. Includes name, SSN, marital status, exemptions.

When a check is returned to the payee’s bank due to insufficient funds, the check...

Personal financial success is primarily the result of

A standard work week is

The price for which a stock is bought and sold in the marketplace is called the

Savings accounts and money-market accounts are most appropriate for:

Which of the following is typically the first stage of investing?

A savings account sold by an insurance company, provides payments to the holder at retirement

The IRS has the right to audit your tax returns for __ years from the date of filing.

A method to make regular saving easier is

which of the following is the best investment option?

A retirement plan found in nonprofit, public organizations (i.e. churches or schools)

Which of the following is not a factor in becoming money smart?

When it comes to managing money, success is about _____% knowledge and _____% behavior.

Your permanent work identification number is called your

Which of the following would be considered an asset?

Current Profit on Stock ÷ Purchase Price + Commission =

Understanding the types of risk you will face and their potential consequences is called

100/300/100 is the way __________________ coverage is expressed.

Which of the following statements BEST explains why income alone does not determine wealth?

Which stocks pay consistent dividends to shareholders?

Which federal law requires hourly workers to be paid overtime for hours worked beyond 40/ week?

Which is not a valid reason for unpaid leave under the Family and Medical Leave Act?

Using dividends previously earned on a stock to buy more shares is called

Rate x Hours Worked =

You must file your tax return by this date every year.

A retirement plan found in private businesses

Which is a variable expense?

Using a sinking fund , how much do you have to save monthly to buy a $4800 car in a year?

An insurance program that pays benefits for injury, illness, or death on the job

According to the Rule of 72, if an investment earns 6%, it will take ___ years to double

A budget does NOT

A market showing optimism in investing and encourages short-term investments is a ___ market.

When the status of the market is on a downslope, it is said to be a ________ market.

Which of the following is an example of a speculative risk?

An employer must provide the Form W-2 for no later than _____ of the current year.

Buying insurance is an example of

A legal business that makes high-interest loans based on the value of personal possessions i

An emergency fund for a teen should be:

What is the difference between gross and net pay?

The use of long-term saving to earn a financial reward is called:

Employee benefits packages:

What is true about using a credit card over cash about spending behavior?

Your filing status on your tax return is based on

The zero-based budget is the best method of budgeting because:

Real estate is a __________ investment.