PFL Unit Test Review

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What information can be found on a person's credit report? Check all that apply.
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What information can be found on a person's credit report? Check all that apply.
an unpaid utility bill that has been given to a collection agency

the person's credit rating

the person's social security number

an inquiry from a bank that requested the person's credit report
If a borrower provides collateral and fails to repay the loan,
the lender can sell the collateral to cover losses
In which column on a check register should the total current amount in the account be entered?
Balance
What is the definition of gross income?
amount earned before deductions
Through the successful study of personal finance, an individual will be
better prepared to calculate financial risks
Emma has decided that she needs to assess the risk and return of buying a new laptop for school. Which of these practical questions should she ask herself to assess the risk? Select three options.
Will the warranty cover the cost of any physical damage?

Is the cost of replacement less than the cost of the warranty?

Is the laptop worth the extra expense of the warranty?
When making a major purchase, first determine your _____ income by subtracting the deductions from your gross pay.
net
Why do people donate to charitable organizations? Check all that apply.
to do what is right

to support a cause

to develop their skills
Which is an example of a financial change that would require budgetary consideration?
purchasing furniture
Money for a personal loan is usually issued to the borrower
in one lump sum