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Personal Finance Final Review Flashcards | StudBud
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Personal Finance Final Review
Personal Finance Final Review
22 terms
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StudBud Administration
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Review of Basic Personal Finance concepts
Flashcards
22 cards
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Practice quiz
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Host live
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Questions
22
Answers
1
A resume is generally____page(s) in length.
three
one
two to five
any page length is acceptable
2
How can you make the most of a tight budget?
all of these
Buying on sale
Make a list
Setting good priorities
3
What is the main reason people shop?
To express personality
To not be bored
To look cool
To provide for primary needs
4
How much money should you save each month?
You must decide what you can afford
None, who needs savings?
Always $75 dollars a week
Your spare change
5
On average, the ideal amount of sleep for most adults is:
10-12 hours
5-6 hours
5-6 hours
7-9 hours
6
Preparing a budget is:
Not an effective way to save money
An ongoing process
Something you only have to do once in your lifetime
not worth the energy
7
Time management can help you:
all of the above
Reach your long-term and short-term goals
Balance work, rest, and recreational activities
Minimize stress from feeling too busy
8
This type of insurance pays to fix damages that you cause, but does not cover your own car:
Liability
No-fault
Collision
hope and wish
9
This allows you to use a car for a specified period of time for a specified monthly payment:
a lease
a loan
allowance
grand theft auto
10
You borrowed $50. You paid back, she insisted that you owed $60. What the $10 called?
Greed
Interest
Principal
Loan
11
A landlord can refuse to rent you an apartment if which of the following is true?
You are of Irish descent
You have kids
You own a cat and a dog
You are a diva
12
Which of the following is the best definition of a minimum payment on a credit card?
A fee that must be paid whether the card is used or not
interest on the purchases that were made on the credit card
A low introductory payment offered
The smallest payment that will keep you in good standing
13
An associate degree is a:
6 year degree
4 year degree
1 year degree
2 year degree
14
Landlords require security deposits with a rental agreement. Which is true?
The deposit is kept by the landlord to covermanagement costs
deposit can never be greater than $100
to go on a shopping spree
The deposit can be used to repair damage
15
Credit history includes:
Borrowing lunch money
Savings and credit card accounts
Library fines
Only positive items, regardless of your borrowing past
16
The most important thing to consider when choosing an apartment is
How many bedrooms there are
If the place has a pool
If you can afford to pay your rent on an ongoing basis
Whether or not pets are allowed
17
Without health insurance, a routine checkup at the doctor's office can cost you:
Free
Nothing, because you can't get treated without insurance
Several hundred dollars
Almost as much as a car
18
An overdraft fee:
Is charged when you withdraw money from your ATM
Is interest fees
Is not fair
Is the fee charged when your account balance goes below zero
19
When starting out a career, always work at least two jobs so you can accumulate money
true
False
20
An ATM check card:
Is pointless
Can only be used to withdraw money that is in your account
Can overdraw your account
Can give you bad credit
21
A substantial one of these will keep you from going upside down on your loan
Down Payment
Bank account
Finance Charges
Insurance
22
Why is it harder to estimate expenses than to estimate income?
Expenses often change more from month to month
Because you like to buy video games whenever you want
You can never truly know how much you spend
Your income will never change
