What is a common feature of a 15-year fixed rate mortgage?
Final Exam Personal Finance

Quiz
•
Financial Education
•
10th Grade
•
Hard
JayDren Compton
FREE Resource
78 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Longer repayment period
Lower interest rates
Higher monthly payments
No down payment required
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long does account information stay on your credit report after the last activity?
Ten years
Five years
Seven years
Indefinitely
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of bankruptcy stays on your credit report the longest?
Chapter 7 bankruptcy
Chapter 11 bankruptcy
Chapter 13 bankruptcy
Personal bankruptcy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most cost-effective way to buy a home?
30-year fixed rate mortgage
15-year fixed rate mortgage with 10% down
100% down payment
Renting long term
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these should not be a main factor when choosing a career?
Job satisfaction
Salary potential
Company reputation
Personal interests
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is important for saving money?
Variable expenses
Your income
Discipline
Mutual funds
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which situation would not need insurance if you have an emergency fund of $500 or more?
Minor health issues
Car accident
Home damage
Job loss
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