Personal Finance Final Exam Project Quiz
Personal Finance Final Exam Week 10 Project.
- 1.What is the difference between a job and a career?
- A.
Jobs are better then careers.
- B.
Careers are easier then jobs.
- C.
Careers provide funds to meet an individual’s needs while jobs are considered less important.
- D.
Jobs provide income to meet an individual’s basic needs while careers are considered professions that are pursued as your life’s work.
- 2.Furthering your education results in a higher pay at a job.
- A.
True
- B.
False
- 3.A plastic card that allows the user to pay bills by withdrawing and paying directly from a checking account is called a ____________.
- 4.Which of the following is NOT an example of a pay deduction.
- A.
Federal Tax
- B.
State Tax
- C.
United States Tax
- D.
Social Security
- 5.A _________ is a statement about what a person wants to be or do that is attained by taking certain steps to achive it.
- 6.What is an example of a long term goal?
- A.
Being a Grandparent.
- B.
Getting an A on a test.
- C.
Buying a car.
- D.
Becoming Student Council President.
- 7.Rate of return is how fast money grows in a savings account or investment.
- A.
True
- B.
False
- 8.A certificate sent to a person by the bank in which they are depositing money in an account for a specified period of time is a ___________________.
- 9.Buying stocks allows you to...
- A.
Become the CEO of a company.
- B.
Donate money to companies.
- C.
Own part of a company.
- D.
Create a savings account.
- 10.Which is true about credit cards?
- A.
They are an example revolving credit.
- B.
They promote impulse spending.
- C.
They are convenient for making purchases.
- D.
All of the above.
- 11.Revolving credit is a line of credit that is unlimited and never needs to be payed.
- A.
True
- B.
False
- 12.Sometimes, always or never: Credit Cards _________ have interest rates on purchases.
- 13.What happens if you don't pay your credit card bill by the due date?
- A.
You are suspended from using your credit card.
- B.
You pay late fees.
- C.
Your credit card is taken away.
- D.
Nothing.
- 14.What is an advantage of shopping online?
- A.
Its fun.
- B.
You can shop 24 hours a day.
- C.
Its convenient.
- D.
All of the above.
- 15.The buyer’s payment is not sent to the seller until the merchandise is received and approved.
- A.
True
- B.
False
- 16.____________ insurance protects you when others are injured due to something you did or didnt do.
- 17.The fee paid for insurance protection is a...
- A.
Premium
- B.
Deductible
- C.
Claim
- D.
Fee Rate
- 18.A claim is the percentage of a loss that is not insured.
- A.
True
- B.
False
- 19.Declaring bankruptcy should be your last resort when in debt.
- A.
True
- B.
False
- 20.Which is NOT a way to manage high debt.
- A.
Credit Counseling
- B.
Refinancing debt
- C.
Getting a Home Equity Loan
- D.
Stop Paying Bills to Save Money
- 21.Being Bankrupt means....
- 22.Identity theft is when someone uses your personal information with your permission.
- A.
True
- B.
False
- 23.Someone knowingly deceives you for personal gain is called ___________.
- 24.What is NOT an example how theives steal your identity.
- A.
Stealing bank statements.
- B.
Taking your school ID card.
- C.
Changing Your Address
- D.
Hacking you computer
- 25.All donations can be deducted from your taxes.
- A.
True
- B.
False
Questions: 20 | Attempts: 10460 | Last updated: Sep 2, 2020
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