Personal Finance Final Exam Part 2

Front

Payments on a credit account include both principal and interest.

Back

True

Front

Any public information becomes part of your credit record.

Back

True

Front

Home ownership offers

Back

financial advantages, quality of life advantages, all of these

Front

When is the best time to get credit preapproval?

Back

before visiting car dealers.

Front

Furnished rentals are usually cheaper than unfurnished rentals.

Back

False

Front

You usually don’t need to worry about having a source of income until after you have rented a place to live.

Back

False

Front

In order to prevent forfeiture of your security deposit, a renter should give a minimum of _____ days prior notice to vacate a rented space

Back

30

Front

One way to minimize the cost of credit is to pay cash for small purchases.

Back

pay cash for small purchases.

Front

An on-campus building that contains many small rooms that are rented out to students is called a

Back

dormitory

Front

The monthly charge you pay to live in an apartment is called

Back

Rent