Final Exam
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| interest includes: | getting paid for doing a job;earning interest from a savings account;making profit from an investment
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| things that you want but don't need | luxuries
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| helps you spend money more wisely | budget
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| setting aside a small amount of money each week can lead to... | eventually having money built up in savings
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| what are 2 goals of saving money | buying things that you dont have the money for right now;so that you will have enough money to retire
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| examples of long term savings goals | college;house;car;retirement
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| examples of credit | credit card;car loan;home loan
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| to spend money with the hopes of making more money in the furture that what you spent originally | investing
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| borrowed money | credit
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| what are the keys to success in personal finance | have a monthly budget;never borrow money that you cannot pay off in a reasonable amount of time;establish short, medium, and long term finance goals
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| important financial responsibility for every adult | to control and understand personal finance
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| a fee paid for borrowing money;money or fee that a bank pays to use money deposited by its customers | interest
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| the current rate of interest that a bank pays its customers is... | 1 to 3%
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| the largest financial investment that most people make in their lifetime is.... | a house
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| the amount of money that you receive or earn during a specific period of time | income
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| when you create a budget, the items that you have to spend money on are... | expenses
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| a positive cash entry to your account | debit
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| what is the advantage of having a savings account over a checking account | savings accounts usually earn s higher rate of interest thatn a checking account
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| when is it a good time to borrow money | when interest rates are low;need to have a stable job so you can repay the loan;when a person wants to purchaser an expensive item;when a person has a good credit rating
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| what si true about buying things with credit | credit is useful for buying very expensive things such as cars, homes, furniture, appliances
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| what do stocks, bonds, mutual funds, and certificates of deposit have in common | they are all ways to invest extra money
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To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
EmCat
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