Adult Roles & Responsibilities Final Exam Review

Which of the following are ways to prevent fraud?

Which of the following is an example of closed-end credit?

The rate of return on an investment should be higher than the rate of_in order to make a profit

Which of the following would provide unbiased sources of information?

Which of the following is a durable good

What type of card should you use when shopping online?

Which of the following is an example of In-Kind income?

Provides payment to the insured person's property

Which of the following actions will contribute to a POSITIVE credit history?

Someone who receives money if an insured person dies.

How many times per year can a person view their credit report for free?

The out-of-pocket $ before the insurance will cover the remaining costs attributed to the loss

Which of the following will contribute to a NEGATIVE credit history?

A form of lending to a company or the government.

A share of ownership in a company.

What is interest?

Which of the following is NOT an example of a non-profit organization?

Which of the following is an example of open-end credit?

Who is responsible for paying the renters insurance?

The money paid to an insurance company to purchase a policy

Reduce, defer, or adjust the current year tax liability

A financial product purchased to protect yourself from loss.

Regarding investing, the higher the risk the higher the....

Which of the following investments is an automatic diversified portfolio?

What is the safety boundary for using credit (borrowing money)?

What is the best way to dispose of a credit card you want to cancel?

Income tax must be paid on returns from investments

Which of the following explains the Time Value Concept of Money?

Provides payment to others if the insured person causes harm to other people's property

Saving for the future by putting money aside BEFORE using it.

Which of the following are types of insurance?