Credit
Where can you get a free credit report with no fee authorized by federal law?
a. freecreditreport.com
b. from the US Department of Treasury
c. you can't get a free credit report
Example of a need is:
a. books for college
b. a laptop for gaming
c. new clothes on sale
d. a Florida vacation
a. books for college
Who insures your stocks in the Stock Market?
a. the FDIC
b. NCUA
c. the Securities and Exchange Commission
d. no one
d. no one
How it net worth calculated?
a. assets - liabilities
b. credit score x income
c. personal marketability/laziness
d. income - debt
a. assets - liabilities
Finish the lyrics:
I don't know about you, but I'm feeling ......
22
Your credit score is important because:
a. it can affect your interest rate if you finance a car or home
b. it can impact on whether you can finance major purchases
c. it can determine whether you can get credit cards
d. all of the above
d. all of the above
What does a budget mean?
a. your bills are generally paid by every due date
b. you can buy anything you want or need
c. you made a spending plan of your expense to be less than or equal to your income
d. your bills every month paid in full and on time
c. you made a spending plan of your expense to be less than or equal to your income
What is the term for the return made by selling a security for a price that is higher than the price the investor paid for it?
a. income
b. investment
c. capital gain
d. revenue
c. capital gain
What does APR stand for?
a. annual penalty rate
b. applied percentage rate
c. acutely painful responsibilities
d. annual percentage rate
d. annual percentage rate
Who sings the song "drivers license"?
a. Ariana Grande
b. Sabrina Carpenter
c. Jonas Brothers
d. Olivia Rodrigo
d. Olivia Rodrigo
What federal law protects your rights from abusive collection tactics?
a. Fair Credit Reporting Act (FCRA)
b. Collection Abuse Litigation Law (CALL)
c. Fair Debt Collection Practices Act (FDCPA)
d. Abuse Standards Infraction Filing (ASIF)
c. Fair Debt Collection Practices Act (FDCPA)
What are the 3 types of expenses in your budget?
a. flexible, floating, fixed
b. wants, needs, bills
c. fixed, flexible, discretionary
d. pay now, pay next month, pay upon death
c. fixed, flexible, discretionary
The ________ index is referred to as "the total stock market index."
a. NYSE 500
b. Wilshire 5000
c. Nasdaq
d. Dow Jones Industrial Average
b. Wilshire 5000
What does CD stand for?
a. coin deposit
b. credit direct
c. certificate of deposit
d. coin direct
c. certificate of deposit
What is the name of Taylor Swift's current tour?
a. The Midnights Tour
b. The Eras Tour
c. The Taylor Show
d. Fearless Live
b. The Eras Tour
What debts cannot be discharged by bankruptcy?
a. payday loans, cash advances, short-term installment loans
b. debts secured with collateral worth more than $100,000
c. any debt can be discharged, bankruptcy is a get out of jail free card
d. student loans, child support, alimony, court judgments
d. student loans, child support, alimony, court judgments
_____ income is the money that remains after paying taxes and other required payments such as rent, food, transportation, etc.
a. discretionary
b. disposable
c. deferred
d. disproportionate
a. discretionary
Bonds that can be converted into a company's common stock are ______ bonds.
a. serial
b. convertible
c. sinking fund
d. junk
b. convertible
What does APY stand for?
a. annual percentage yield
b. actual percentage year
c. annual penalty yield
d. actual penalty year
a. annual percentage yield
Nick, Joe and Kevin form what family pop band?
a. The Beatles
b. The Jonas Brothers
c. One Direction
d. 5 Seconds of Summer
b. The Jonas Brothers
What are the 5 factors that add up to make your credit score?
a. amount owed + highest interest rate + number of cards + delinquencies + overages
b. gross income + numbers of cards + payments history + penalties + savings
c. nice smile + winning attitude + promise to be more responsible + the right credit score incantation + eye of newt
d. payment history + utilization ratio + new applications + length of use + kinds of credit
d. payment history + utilization ratio + new applications + length of use + kinds of credit
Ethan's income for last month was $2,350. His monthly fixed expenses were $1,550, and his variable expenses totaled $900. Did he have a surplus or deficit for that month?
a. surplus
b. deficit
c. neither - he had a balanced account
d. both - a surplus in income and a deficit in expense
b. deficit
In a stock _______, a company divides its existing shares into multiple shares.
a. expansion
b. split
c. exchange
d. partition
b. split
Many businesses offer their employees _______, an automatic deposit of net pay to the employee's bank account.
a. direct deposit
b. direct payment
c. automated tellers
d. debit card
a. direct deposit
Which singers real name is Onika Tanya Maraj?
a. Shakira
b. Lady Gaga
c. Nicki Minaj
c. Cardi B
c. Nicki Minaj