Personal Finance

What happens if you do not pay a credit card bill on time?

• Use your debit card
• You go into debt
• Declare bankrupty
• Pay interest

What is the safest way to pay for an item to avoid debt?

• Cash
• Check
• Credit
• Debit

Which card takes the money out of your account immediately?

• Credit 
• Debit

When do you start paying into Social Security?

• When you retire
• When you turn 30
• When you get a full-time job
• When you want to

Who pays interest on a loan?

• The borrower
• The bank

Who pays interest when you deposit money in the bank?

• The depositor
• The bank

Bad credit can affect your ability to 

• Buy a home
• Get a job
• Get a loan
• All of the above

What will you pay back if you borrow $

• principal only
• interest only
• interest and finance charges
• principal + interest

Amount of money originally borrowed

• Mortgage
• Principal 
• Annual percentage rate (APR)
• Finance company

Which of the following is an example of a fixed expense?

• Rent
• Groceries
• Gas
• Clothes