Unit 4: Personal Finance

Flashcard
•
Social Studies
•
12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Which type of bank account is best for everyday transactions?
Back
Checking Account
2.
FLASHCARD QUESTION
Front
Which payment option takes money out of your bank immediately? Debit Card, Loan, Credit Card, Check
Back
Debit Card
3.
FLASHCARD QUESTION
Front
Which of the following is TRUE regarding unexpected expenses? They should be planned for., They usually don't affect your ability to pay bills., They should not be included in your budget., They usually don’t affect your budget.
Back
They should be planned for.
4.
FLASHCARD QUESTION
Front
Why is insurance an important financial investment?
Back
In cases of an accident, theft, or unpredictable events the insurance protects against financial loss.
5.
FLASHCARD QUESTION
Front
Which is a positive reason for using a credit card to finance purchases?
Back
Paying it off on time can help build your credit history.
6.
FLASHCARD QUESTION
Front
Annual Percentage Rate (APR), credit limit, and penalties and fees are important to consider when _____
Back
Choosing a credit card
7.
FLASHCARD QUESTION
Front
What is the best way to avoid spending more than what is in your bank account? Options: Keep your own records to compare with your financial institution's records., Check your bank statement once a month., Ask your financial institution to notify you when you are close to $0 in your account., None of these
Back
Keep your own records to compare with your financial institution's records.
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