Personal Finance Final Exam

Front

Which of the following refers to valuable or rare items, such as antiques, art, baseball cards, stamps, and comic books are investments?

Back

collectibles

Front

Which of the following refers to a character trait that means you can be counted on to do what you say you will do? Options: helpfulness, thoughtfulness, loyalty, dependability

Back

dependability

Front

Which of the following is the most common type of health insurance, which is most often obtained through employers? Options: dental insurance, group insurance, disability insurance, vision insurance

Back

group insurance

Front

If a customer has not paid the overdue balance on an account, which of the following is the creditor likely to hire? (debt collector, credit bureau, credit guard service, cosigner)

Back

debt collector

Front

Which of the following is the most serious step in dealing with credit problems? Options: debt adjustment, credit counseling, the 20/10 Rule, bankruptcy

Back

bankruptcy

Front

Which of the following refers to an employee that is entitled to the full amount in a company retirement plan? Options: invested, vested, unvested, retiring

Back

vested

Front

Which of the following is a TRUE statement about USED cars? A used car can never be purchased with a warranty., A used car is likely to need more repairs than a new car., A used car loses at least half of its market value as soon as you drive it off the lot., A used car is usually about the same price as a new car.

Back

A used car is likely to need more repairs than a new car.

Front

Which of the following would most likely provide you the most information for locating possible houses to buy? Options: working with a real estate appraiser, looking online, looking at houses yourself, working with a real estate agent

Back

working with a real estate agent

Front

Which of the following is the major function of labor unions? Options: collecting dues, having meetings, collective bargaining, conducting strikes

Back

collective bargaining

Front

A house payment and utilities are examples of which of the following? investments, variable expenses, income, fixed expenses

Back

fixed expenses