Personal Finance Final Exam

Front

Can you be financially successful without a credit score?

Back

Yes

Front

How much do consumers spend each year on credit card penalties and fees?

Back

$90 Billion

Front

Who is the #1 Target of Credit Card Companies?

Back

People in their Teens

Front

When you use plastic instead of cash, you spend how much more? Options: 10-15% more, 12-15% more, 12-18% more, 18-20% more

Back

12-18% more

Front

Do you need a credit card to rent a car, make an online purchase, or reserve a hotel?

Back

No

Front

Which one is NOT one of the Credit Bureaus? Options: Equifax, TransUnion, Experian, CreditOne

Back

CreditOne

Front

This is how much you have LEFT on a credit card that you can borrow.

Back

Available credit

Front

This is how much you OWE on a Credit Card.

Back

Balance

Front

What is an example of Revolving Debt?

Back

Credit card

Front

What is an example of Fixed Debt?

Back

Car loan