Personal Finance Final Review

When you go to select financing for a loan, you will be looking at:

• Length of loan
• Interest rate
• Amount of monthly payments
• All of these

When filling out the I-9 which of the following forms of identification can be used to prove your identity and eligibility to work in the US? (Select all that apply.)

• US Passport
• Driver's License
• Birth Certificate
• Gym Membership
• Utility Bill with address

Who would a creditor be more likely to trust?

• Someone who has never borrowed before
• Someone who has been borrowing for 10+ years with an average credit score

All of the following are good reasons Alex could use a credit card EXCEPT:

• purchasing a bed when he moved out
• establishing a good credit rating
• buying 10 different ps5 games
• it helps him save money by offering him a discount at a store he regularly shops at

Which of the following affects your credit score?

• Making payments on time
• Making payments late of missing a payment
• Having several credit cards and 2 are maxed out
• all of the above will impact my credit score

If you only make the minimum payment on your credit card it will _____________. (Select all that apply)

• Take you longer to pay off the card
• Take you less time to pay off the card
• cost you less in the long run
• lower your debt to credit ratio

Which of the following is your take home pay after deductions?

• Net pay
• Gross pay

Which of the following is a short term goal?

• a lifetime goal
• wanting to graduate high school
• trying to lose 50 lbs
• wanting to get an A on a test

What is the price per ounce? $2.99 for 16 oz of Jif Peanut Butter

• $0.19
• $1
• $0.51
• $0.26

Which of the following information is NOT found on your credit card statement

• summary of account activity
• current balance
• minimum payment due
• collateral