Personal Finance Unit Review Question Preview (ID: 46429)
Budgeting, Banks And The Fed, Investing.
TEACHERS: click here for quick copy question ID numbers.
how much should you have saved in an emergency fund?
a) $1000
b) $20,000
c) $40,000
d) 6-12 months of income
in government and personal budgets, you should always __________ more than you __________
a) make, spend
b) spend, make
c) buy, purchase
d) lend, earn
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
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
inflation is caused by...
a) an increase in the money supply
b) prices increasing in certain industries
c) crooked governments
d) market economies
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
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
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
a home loan payment should not account for more than _________ of your personal monthly budget
a) 25
b) 10
c) 30
d) 50
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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