Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Personal Finance Review 4
Test Description: Personal Finance Final Reivew
Instructions: Answer all questions to get your test result.
1) 32: Which of the following is not a secured loan?
A
cash loan to get through a temporary lay-off
B
auto loan
C
30-yearm fixed rate mortgage
D
home equity loan to put on a new roof
2) What action should you take first if you see that your debt is mounting?
A
stop using your credit cards
B
get a credit card cash advance
C
file bankruptcy
D
consolidate your loans
3) Which of the following might be the least expensive source for getting a loan?
A
a local savings and loan
B
a local bank
C
credit union that you are a member of
D
a consumer finance company
4) Which of the following would be the best choice to get a loan and start building a good credit history?
A
borrowing from a consumer finance company
B
taking your valuable ring to the pawnshop
C
borrowing against your tax refund
D
taking out a payday loan
5) Why is getting a cash advance on your credit card more costly than charging merchandise?
A
A higher interest rate is charged on a cash advance.
B
all of the above
C
There is no grace period.
D
Purchases must be paid off before your payments will count towards the cash advance.
6) How do businesses make additional money on gift cards?
A
Many shoppers do not use the gift card.
B
all of the above
C
Most shoppers spend more than the amount on the gift card.
D
Many shoppers do not use up the entire amount on a gift card.
7) Which of the following could a sole proprietor put money in to invest for retirement?
A
IRA
B
Schedule C
C
FICO
D
Form W-2
8) Which of the following topics would not appear in a company policy handbook?
A
standards of conduct
B
online job sites
C
medical and family leave
D
performance reviews
9) When a business earns more money than it spends, the entrepreneur is paid from the
A
investment
B
royalties
C
commision
D
profits
10) A business in which the owners have little personal responsibility for the company’s debts and actions is called a
A
partnership.
B
limited liability company.
C
sole proprietorship.
D
franchise.
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?