Personal Finance

If you purchase a car with a loan, what is your principal?

Mike has renters insurance. He has $15 premium and a $500 deductible. If $2200 is stolen, how much does insurance have to pay?

What do you need to subtract from a college's cost of attendance in order to find the net price?

• Addition of all expenses
• Scholarships

• The cost of textbook

• Grants

What is found in a credit report?

• Credit payment history

• Driver's license number, blood type, organ donor status, height
• Bank account number, routing number, balance, transaction history
• Age of your credit accounts

• Total number of active credit accounts

If you are making a budget, should you use net or gross pay?

Characteristics of a secured credit card

• Limit is dependent on security deposit

• There is no annual fee

• Lowers the risk for banks

• Helps build credit

• Has no credit limit

If you buy an item and went to pay with money from your checking account...

• Using a prepaid card

• Use a debit card and choose either debit or credit if asked

• Deposit a paycheck from your job

• Taking money from an ATM using a credit card

Why should you send a personalized thank you after a job interview?

• Leaves a good impression

• Lets them know you are not interested in the job

• Gives you an opportunity to expand on an answer from the interview

• You should not send a personalized thank you after a job interview

Mike has renters insurance. He has $15 premium and $500 deductible. If $2200 is stolen, how much does he have to pay?

If you put $1000 in a savings with 1% annual compound, how much will you have in ten years?

• The amount after 10 years would be $1500

• The amount after 10 years would be $2000

• The amount after 10 years would be $1200
• The amount after 10 years would be slightly more than $1100