GFL State Review #2

Front

A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily.

Back

True

Front

investing is best for

Back

long-term financial goals, like paying for retirement

Front

Which of the following is NOT a good way to track your spending?
Options:
Notebook and pencil
envelop method
online software or app

Back

In your head

Front

Which payment option could have interest charged to you? cash, check, debit card, credit card

Back

credit card

Front

What is a benefit of having a good credit score?

Back

When you need a loan, you'll have more loan offers to pick from.

Front

Credit cards can help _____ when paid off on time regularly.

Back

build credit history

Front

An insurance premium is paid by the

Back

policyholder

Front

When is it ok not to have health insurance? Options: If you are young and healthy. You should always have health insurance. If you do not have a full time job. If you are a student under the age of 26.

Back

You should always have health insurance.

Front

Which of the following is listed on your credit report?
Traffic Violations, Amount of cash in your bank account, Hourly wage, Full name, social insurance number, date of birth, current address

Back

Full name, social insurance number, date of birth, current address

Front

An employee may get this form if you paid by company but not an employee. You did not get taxes withheld from that job.

Back

1099