2013年10月14日星期一

Personal Finace Help?!?

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1.

Which of the following is NOT a way to get out of a financial emergency?

A. contact your creditors to let them know what is happening

B. don’t pay your bills and move to another state

C. notify your mortgage company and ask if they will allow you to temporarily alter your payments

D. paying your utility bills with your credit card

2.

Which account would you open if you wanted to save money and were not concerned about having immediate access to your funds?

A. CDs (Certificates of Deposit)

B. Checking accounts

C. Savings Accounts

D. Money Market Accounts

3.

Your friend is interested in buying a house in the next 5 years. Which of the following would you recommend?

A. making a budget

B. putting money aside each month for a down payment

C. ensuring that he has the highest credit score possible

D. all of the above

4.

Match the following vocabulary word to its correct definition.

A. debt

B. creditor

C. debtor

D. good debt

E. bad debt

F. online banking

G. identity theft

H. short term debt

I. long term debt

5.

How long do you have to pay back a short term debt?

A. 3 months

B. 1 month

C. 11 months

D. all of the above

6.

When recommending financial tips to friends and family, which of the following can lower your credit score?

A. carrying balances on credit cards

B. making late payments

C. using credit cards when you don’t have enough money in your savings account

D. all of the above

7.

Explain the consequences of poor financial habits.

8.

Which of the following is the best example of long term debt?

A. credit card bills

B. mortgage

C. utility bill

D. none of the above

9.

Which of the following would you consider a poor financial habit?

A. paying your bills on time

B. paying the minimum on your credit card bill

C. making and sticking to a budget

D. all of the above

10.

Which of the following scenarios does not strengthen your financial security?

A. owing more on your house than it’s worth

B. having a lot of equity in your house

C. owing less on your car than it’s worth

D. all of the above

Personal Finace Help?!?

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