Money & Me Semester Exam
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In order to reduce the risk of identity theft, which items should you never carry around?
Social Security card
Which of the following factors can influence decisions?
All of the above
Which of the following is considered a need?
A new car
A place to sleep
The detailed record of your personal credit and financial transactions is called your
In the future, a dollar will be worth:
Less than a dollar today
More than a dollar today
An example of a fixed expense is
Which term means 'not putting your eggs in one basket'?
The risk-return ratio says
When risk goes up, return generally goes up
When risk goes up, return generally goes down
Which of the following is true about investing in the stock market?
You should find one good stock and buy only that
You should not use money that you will need in the next five years
The penalty you pay for making a payment past the due date is the
The amount of money you borrowed is called
Which of the following is not a good thing to save for?
Paying off debt
The fee you pay for insurance is called
A collection of money from different people which is managed by a professional investor is called
Which of the following is a variable expense?
Which of the following is true about credit?
It's no different than using cash
When using credit, people tend to spend more
Which statement is true about mutual funds?
Mutual funds offer guaranteed returns
Mutual funds are convenient and professionally managed
A value can be described as
Something basic for your survival
A belief or idea you consider important
Which kind of account is least likely to limit the number of transactions you can make
Which one of the following would not be considered income
Interest paid on a loan
The amount you pay out of your own pocket for an insurance claim is the
Insurance is a way of __________ risk.
A piece of ownership in a company is called
Share of stock
What is the first thing you should do if you think your credit card has been lost or stolen?
Cancel the card
Contact the credit reporting agencies
The minimum payment on a credit card is a percent of the
The rating that credit reporting agencies give you is your
The maximum amount you can charge on a credit card is called the
Which of the following can impact your credit rating
Borrowing money from a friend to buy lunch
Making a late car payment
The KISS rule of investing teaches:
The more sophisticated the investment, the better it is
Keep things simple and only buy what you understand
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