Personal Finance Unit Review Question Preview (ID: 46429)


Budgeting, Banks And The Fed, Investing. TEACHERS: click here for quick copy question ID numbers.

a home loan payment should not account for more than _________ of your personal monthly budget
a) 25
b) 10
c) 30
d) 50

you can buy stock in snickers
a) false
b) true
c) maybe
d) i dont know

when investing, which type of interest do you want to earn?
a) compound
b) simple
c) fractional
d) low

looking for similar houses in a neighborhood to determine what price you should pay for (or sell) a house
a) fracturing
b) flip
c) comps
d) fracking

which of the following doesn't belong?
a) stocks
b) bonds
c) mutual funds
d) stock exchange

the djia, and the s and p 500 are
a) mutual funds
b) stock indexes
c) stock exchanges
d) publicly traded stocks

inflation could have been avoided in the second class auction if....
a) there would have been less products to choose from
b) everyone would have spent all their money
c) there would have been more products to choose from
d) students would have been able to get loans from each other

inflation is caused by...
a) an increase in the money supply
b) prices increasing in certain industries
c) crooked governments
d) market economies

How can you pay tens of thousands of dollars less in interest over the life of your loan ?
a) pay extra on principal every month
b) shop for a higher interest rate
c) get a longer term of loan
d) pay a smaller down payment

information that shows how much of a loan payment goes to principal, how much goes to interest, and how many payments there will be
a) amortization table
b) PMT function
c) payoff sheet
d) APR

in government and personal budgets, you should always __________ more than you __________
a) make, spend
b) spend, make
c) buy, purchase
d) lend, earn

how much should you have saved in an emergency fund?
a) $1000
b) $20,000
c) $40,000
d) 6-12 months of income

which type of debt are you likely to have when you first begin your career?
a) insurance
b) car
c) home
d) student

it is cheaper to go out to eat than to make your own food
a) false
b) true
c) only at waffle house
d) unless you shop at Aldis

if you buy a $200,000 house at a 30 year loan at an interest rate of 6%, how much principal will you be paying in the first payment?
a) $991
b) $19
c) $199
d) $1990

which of the following is not a good way to choose a stock?
a) P/E ratio
b) if you read about it on a website trying to sell you something
c) EPS
d) if they have a really good product or service

a company must provide their financial statements to the public if the public can buy stock in the company
a) false
b) true
c) fajitas
d) enchiladas

the best way to buy stocks is to....
a) buy and hold
b) sell often
c) buy often
d) take a balanced approach

which type of bond do you purchase for less than the face value?
a) zero coupon
b) coupon
c) us savings bond
d) i bond

in person of interest, what was the illegal investing tactic used?
a) pre calc
b) short cover
c) short sell
d) insider trading

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