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Personal Finance Quiz
Terms in this set (20)
The return that a person gets on a certificate of deposit is usually lower than the return on a money market account.
Consumers have the right to have problems corrected and receive payment for false claims and poorly made goods.
Banks and credit card companies check a person's financial history before deciding whether or not to offer credit to that person.
The Better Business Bureau issues warranties on products that consumers buy.
U.S. government bonds are very safe investments.
money income left after all taxes on it have been paid
money income left after taxes on it have been paid and that you can choose to spend
profit earned through investing
the payment people or institutions receive when they lend money or allow someone else to use their money
A part of the purchase price
This chart shows the benefits and risks of different types of
According to the chart, which of the following has a time requirement?
certificate of deposit
Another benefit to investing in stocks is that
you own a part of the company in which you invest.
Which of the following is one of the steps to making a budget?
Record everything that you earn and its source.
Which of these types of savings pays high interest and allows you to write checks against deposited money?
Money Market Account
The amount you initially deposit into an account is the
What is the purpose of this chart?
help a consumer recognize if he or she is an impulse buyer
Which question in the chart suggests an emotional side to impulse buying?
"Does buying things make you feel better?"
Long-term financial goals
sometimes conflict with short term spending.
Using advertising carefully, comparison shopping, reporting faulty products, and exercising your rights
THIS SET IS OFTEN IN FOLDERS WITH...
17-1 The American Economy
17-2 The American Economy
17-3 The American Economy
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