JA Finance Park

1.

1 point

Protection against risk is the primary reason people purchase this type of policy.

Auto insurance

Health insurance

Home insurance

All of the above

2.

1 point

When budgeting, the first categories to consider are those that meet your:

Needs

Important expenses

Wants

Discretionary funds

3.

1 point

Your abilities include:

The things you do well

Your mental competence

The skill you need to do something

All of the above

4.

1 point

When it comes to personal savings, what does the acronym PYF stand for?

Prepare Your Future

Pay Yourself First

Prepare Your Finances

Prepay Your Finances

5.

1 point

Which of the following statement is NOT correct?

A debit card is essentially a paper check but doesn't require the processing time a check does.

A debit card is a pay-now payment type with no grace period for payment.

A debit card allows for an immediate electronic transfer of money from a cardholder's savings or checking account.

A debit card is handy in an emergency when you don't have the money to speed.

6.

1 point

An example of a financial institution is:

A department store

A school

A bank

An ATM machine

7.

1 point

The total amount of earnings made over a one-year period after all deductions have been taken is:

Net monthly income

Net annual income

Gross annual income

Gross monthly income

8.

1 point

What are the three main types of taxes?

Federal income, unemployment, and state

Unemployment, sales, and property

Sales, property, and unemployment

Income, sales, and property

9.

1 point

A record of income and expenditures for a given period of time is called a(an):

Investment

Budget

Interest

Credit

10.

1 point

A saver who wants her savings insured by the FDIC (Federal Deposit Insurance Corporation) wants to use this savings option.

Savings account

Mutual funds

Bonds

Stocks

11.

1 point

Lenders use credit agencies to determine:

An applicant's credit score

An applicant's credit history

Whether an applicant has any outstanding debits or defaults

All of the above

12.

1 point

The amount of earning made over one month, after deductions, is known as:

Total annual income

Gross monthly income

Gross annual income

Net monthly income

13.

1 point

Career planning is done:

After high school

Throughout a lifetime

In college

Once in a lifetime