4/11/26, 3:40 PM Personal Finance Final Exam Review
Personal Finance Final Exam Review || Most Recent Exam Actual
Complete Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!! Newest
Exam
Decision
the act of making a choice or coming to a solution
Decision-making process
the steps one takes to make the best decision
Goals
something a person wants to have or to achieve, and is willing to work for
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,4/11/26, 3:40 PM Personal Finance Final Exam Review
Long-term goals
a goal that requires a considerable time to achieve
Management
using resources effectively to achieve goals and solve problems
Needs
something that you have to have in order to live
Credit report
a report showing all accumulated credit data on an individual; this is used
for granting or denying credit
Credit score
a numerical rating based on a person's credit history that represents their
credit worthiness
Default
failure to repay a debt
2/44
,4/11/26, 3:40 PM Personal Finance Final Exam Review
Finance charge
the total amount that a person is charged for borrowing money; includes
interest plus any service charges
Phishing
criminal activity to fraudulently acquire personal information
Principal
the initial amount of money borrowed for a loan
Rent-to-own
acquiring ownership over time without taking on debt
Repossession
taking away property due to failure to repay the debt
Advertising
a message to persuade consumers to purchase a particular product or service
3/44
, 4/11/26, 3:40 PM Personal Finance Final Exam Review
Comparison shopping
comparing products and prices in different stores before making a purchase
Consumer
a person who uses goods and services
Contract
a legal written agreement between two or more people
Impulse buying
making an unplanned or quick purchase without giving it much thought
Unit pricing
the price of an item per ounce, pound, or other accepted unit of measure
Warranty
a written promise by a manufacturer that a product will meet specified
standards of performance
Closing costs
fees paid by the buyer or seller at the time the purchase of the house is
finalized
4/44
Personal Finance Final Exam Review || Most Recent Exam Actual
Complete Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!! Newest
Exam
Decision
the act of making a choice or coming to a solution
Decision-making process
the steps one takes to make the best decision
Goals
something a person wants to have or to achieve, and is willing to work for
1/44
,4/11/26, 3:40 PM Personal Finance Final Exam Review
Long-term goals
a goal that requires a considerable time to achieve
Management
using resources effectively to achieve goals and solve problems
Needs
something that you have to have in order to live
Credit report
a report showing all accumulated credit data on an individual; this is used
for granting or denying credit
Credit score
a numerical rating based on a person's credit history that represents their
credit worthiness
Default
failure to repay a debt
2/44
,4/11/26, 3:40 PM Personal Finance Final Exam Review
Finance charge
the total amount that a person is charged for borrowing money; includes
interest plus any service charges
Phishing
criminal activity to fraudulently acquire personal information
Principal
the initial amount of money borrowed for a loan
Rent-to-own
acquiring ownership over time without taking on debt
Repossession
taking away property due to failure to repay the debt
Advertising
a message to persuade consumers to purchase a particular product or service
3/44
, 4/11/26, 3:40 PM Personal Finance Final Exam Review
Comparison shopping
comparing products and prices in different stores before making a purchase
Consumer
a person who uses goods and services
Contract
a legal written agreement between two or more people
Impulse buying
making an unplanned or quick purchase without giving it much thought
Unit pricing
the price of an item per ounce, pound, or other accepted unit of measure
Warranty
a written promise by a manufacturer that a product will meet specified
standards of performance
Closing costs
fees paid by the buyer or seller at the time the purchase of the house is
finalized
4/44
