Unit 8 - Personal Finance Review Flashcard

Front

What happens if you do not pay a credit card bill on time?

Back

Pay interest

Front

What is the safest way to pay for an item to avoid debt? Options: Cash, Check, Credit, Debit

Back

Cash

Front

Which card takes the money out of your account immediately? Credit, Debit

Back

Debit

Front

When do you start paying into Social Security? Options: When you retire, When you turn 30, When you get a full-time job, When you want to

Back

When you get a full-time job

Front

What is the riskiest type of bond? Options: Municipal, Savings, Corporate

Back

Corporate

Front

Which bank account earns you the most interest? Options: Savings, Checking, Certificate of Deposit

Back

Certificate of Deposit

Front

Who pays interest on a loan?

Back

The borrower

Front

Who pays interest when you deposit money in the bank?

Back

The bank

Front

To measure the stock market as a whole people look to

Back

Dow Jones

Front

Stock brokers can a portion of the profit they make, this is called

Back

Commission