CTE Assesment Personal Finance Practice-Part 2 2015

Your credit score may be checked if you are doing all of the below EXCEPT one

The fastest growing group of bankruptcy filers consists of

The most effective way to control your money and debt is

The main parts of a credit report include all of the following EXCEPT one

Two main goals of the Federal Trade Commission are to maintain competition in the market and to

When you believe you are a victim of identity theft, you should do all of the following EXCEPT one

Juan received a call from his financial institution informing him there may have been fraudulent activity on his account. He hadn't done anything with that account except grocery shopping the day before, where the clerk manually ran the debit card. Juan is a victim of

Filing for bankruptcy has many serious implications including all of the items below EXCEPT one

If your credit card bill is due on the first of each month and you have a grace period of 10 days to pay your bill, you pay your bill

One of the items listed below is NOT a type of insurance which protects against financial loss

To protect yourself against large hospital bills, it is a good idea to purchase

If you have children or family members that you financially support, it is a good idea to purchase this insurance to help pay bills if you were to die

Insurance is an essential financial planning tool because it

To reduce your insurance premiums, you can

Wise financial planning includes all of these except for one

If you have a good income and a family to support, you should purchase

Federal and state income taxes are withheld according to income amount and the number of exemptions claimed on IRS Form W-4. The more exemptions you claim

Credit Unions are owned by

The first step in the checking account reconciliation precess is

All of the items listed below are functions of the Federal Reserve System EXCEPT which one.

When calculating the cost of using a credit card, APR represents

You should purchase insurance when

Bonds are an excellent, low-risk way to preserve principal, get a decent
return, and keep investment funds relatively liquid. Some bonds are less risky than others. Which of the following types of bonds are usually the safest unsecured bonds?

Mary opens a business in her own residence to save money. As the business
starts to expand, Mary decides to hire two employees and relocate the
business to a store. Mary is presented with a choice of renting a small
business front containing four offices or purchasing a large building with 10
offices and a lobby. Renting the smaller office represents

The consensus decision-making process should be used during a _____ to
approve or oppose a financial decision.

Charles has been tracking his spending over the past three months. Which of the following formulas should be entered into the outlined cell to determine how much he has spent on groceries?

When faced with a/an _____ goal, such as buying tickets to a concert
determine what budget areas money can be pulled from to pay for the
tickets

Marie, a middle-aged woman who is five years away from retirement, has
decided she would like to invest in the stock market for her retirement fund.
Judging by her age and the amount of working years she has until retirement age, Marie should take a _____ risk option.

Which of the following is added to investments and savings that are made
towards retirement, and builds on itself over time?

How much money would an individual make if an investment of $7,000 was
made in a 24-month Certificate of Deposit (CD) that provides 2.5 percent
interest annually, not compounded, at maturity?

Money should be set aside in a/an _____ account for short-term goals such as purchasing new tires or replacing brakes on a vehicle

Ben is a young professional who is living on his own for the first time and
realizes that he is responsible for 100 percent of the utilities. After developing a budget, Ben decided to remove _____ from his expenses because it is not necessary for him or the house to function.

Which of the following should be performed to ensure that all checks,
transfers, deposits, and payments are accounted for on the bank statement?

A tool that impacts future borrowing choices of a person is the _________.
This tool looks at a person's ability to repay a debt by factoring in past
payments from different lenders, the amounts borrowed, and types of credit.

To protect personal injury in a car accident, ____ insurance is purchased.

How can you track the value of stocks?

How are stock quotes organized?

Where can you find stock quotes? Newspapers and _____

The estimate of the anticipated yearly dividend per share in dollars and cents is known as:

The Price/Earnings Ratio which shows the relationship between a stock’s price and the company’s earnings for the last four quarters is determined:

When making a budget telephone and electric can best be described as a

Rent and health insurance premiums are examples of a

Net gain is determined by

Calculate the total cost of a piece of equipment for a child care center when the retail price is $3,695 and is 25 percent off, with 6 percent as the sales tax, and $55 for deliver charges.

4000 dollars is deposited into a bank account and the annual interest rate is 8%. How much is the interest after 4 years using simple interest?

4000 dollars is deposited into a bank account and the annual interest rate is 8%. How much is the interest after 4 years using compound interest?

What is the first thing to do when affected by identity theft?

What is the best credit card fraud prevention tip?

Health Insurance, 401K matching, tuition reimbursements, and paid sick time are examples of

Who is the King of Personal Finance?