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FoolProof Final Review Flashcards | StudBud
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FoolProof Final Review
FoolProof Final Review
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StudBud Administration
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Financial Literacy Review
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
What principle states "people who can afford to pay more taxes should in order to help poor
benefits received
ability to pay
flat tax
escrow
2
A rental agent's primary responsibility is to:
sign loan contracts
manage utilities
rent as many properties as possible
look out for your best interests
3
Poor credit can affect renting by requiring:
higher rent
denial of rental agreement
all of the above
higher deposit
4
All are factors in pricing your insurance except:
your grades
zip code
all are factors in insurance pricing
credit score
5
Which one is a tax
a brokerage fee
a required government charge on a purchase
a warranty
a service charge
6
what's the rule of 72?
a way to compare rates of return
The % of income you should save
retirement age
the expected return on a bond investment
7
If you start saving for retirement early, you'll be able to save a ___% of the $ u make
equal
smaller
bigger
unknown
8
What is phishing?
ninguna de las anteriores
a buyer sends you too much money for an item you're selling
emails designed to get your personal information
a virtual fishing app
9
When budgeting, Ms. Di Roberto says you should not pay more than ____% of your income on rent
60
30
40
10
10
If you make a $2000 claim against your insurance and you have a $500 deductible,
you will receive 2000
you will receive 1000
you will receive 500
you will receive 1500
11
It's legal for insurance companies to charge younger drivers more than older drivers.
no
yes
12
fine print contains:
clear language designed to be easy to read
virtually all of the important info in an agreement
a bunch of useless information
only stuff lawyers require
13
The "grace period" on a bank loan means:
the time you get before you decide if you want the item
the time between purchase and payment due date
closed on sundays so no payment due
getting a payment extension
14
What is the diff. between renting and leasing?
Renting is month to month,leasing is for a set period.
Lease payments payments change monthly,rent doesn't.
Lease payments change monthly,rent doesn't.
They're exactly the same
15
A mortgage broker is :
the borrower
none of the above
the lender
a middleman
16
Choose the most accurate statement
insurance eliminates the risks in life
insurance pays for all losses around an event
insurance eliminates financial risk related to an event
all are correct
17
credit cards are bad and should never be used
true
false
18
Financing something means:
making payments spread out over time
you sign loan paperwork for every transaction
it's a large purchase
using stock as collateral
19
The more money you make, the more tax you pay is an example of:
regressive
Progressive
stipend
none of the above
20
a credit bureau:
issues credit
regulates credit
tracks credit
collects delinquent credit
