Personal Finances

A car note is considered a

• minimum balance

• credit score

• fixed expense

• variable expense

An arrangement to receive cash, goods, or services now and pay for them later is (a)

• deductible

• credit

• checking account

• unit price

Credit cards can help ________ when paid off on time.

• lower your debt

• balance your checking account

• act as a form of identication

• build credit

Which type of bank account typically offers the least interest?

• savings

• checking

• retirement

• certificate of deposit

Which type of account is the best for everyday transactions?

• credit card

• checking

• savings

• money market

When you purchase a home, there are additional fees and charges that the seller and/or buyer must pay. What are these called?

• appraisal

• property tax

• collateral

• closing costs

An assessment of how much your home with worth is called

• an appraisal

• closing cost

• deductible

• insurance

Which of the following is not common in financial institutions (banks)

• paper checks

• ATMS

• direct deposit

• investment products

Which is a good reason to get a loan?

• honeymoon

• dream vacay

• a new TV

• college

Which is a not a benefit of paying your full credit card balance each month?

• credit score can decrease

• no late fees

• no interest to pay

• credit score can increase