Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Personal Finance Review 2
Test Description: Review 2
Instructions: Answer all questions to get your test result.
1) To avoid an interest charge on a credit card. the cardholder must:
A
Pay the full amount each month
B
Pay less than the minimum due each month
C
Pay the minimum due each month
2) Which is considered an excellent credit score:
A
1,000
B
350
C
2,500
D
850
3) A debit card takes money directly out of your checking account
A
True
B
False
4) Not every credit card has an annual fee
A
False
B
True
5) The confidence in a borrower's ability and intention to repay
A
Credit
B
Savings
C
Budgeting
D
Debit
6) When a person has a rewards card, an example of a type of reward is:
A
Entertainment points
B
All of the above
C
Frequent flier miles
D
Cash back
7) What is an advantage of renting over buying?
A
Privacy
B
mobility
C
Tax deductions
D
appreciation
8) The difference between the value of your home and how much you still owe on your mortgage is known as:
A
Leverage
B
Appreciation
C
Earnest money
D
Equity
9) A major disadvantage of renting rather than buying is
A
Cheaper
B
You don't make the rules
C
Difficult to relocate
10) APR stands for
A
always practice reading
B
annual percentage rate
C
adjusted penalty rate
*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?