Personal Finance Course Final Exam Study Guide – RJUHSD
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An income is measured as ____________
An amount received in a specific period: Weekly, Biweekly, or Yearly.
Your housing costs will likely be the most expensive monthly expense you
have. You should try to keep your housing costs below % of your
gross monthly income.
33%
What type of expense is an example of the cost to drive to and from school?
a variable expense
,Besides the actual mortgage payment, what also factors into the monthly
payment on a home?
property taxes
Which of the following is a key advantage or renting?
If you get a job offer out of state, it is easier to move
Why might variable expenses change over the course of a year?
Heating and cooling costs might vary
In which situation would a certificate of deposit (CD) be the best banking
choice?
Paulo wants a guaranteed return, and won't need the money for several years
Sara would like to open a bank account. What will she need to do this?
ID
proof of address
money to start
account
What is advertising used for?
increasing product awareness
promoting company awareness
influencing consumer tastes and preferences
, A monthly fixed rate mortgage payment ____________
never changes
If you do not have a rental history or employment history, you may need a
____________ to help qualify for an apartment.
co-signer
Building equity in a home is a good thing because ____________
Equity in a home increases the homeowner's net worth
The most economical way to purchase large items, such as furniture, is to buy
with
____________
cash
Which of these is the best reason for Lisa to monitor her bank account
statements online or on her cell phone app?
to know how much money she has for budgeting
To change gross income, someone would need to ____________
earn more money
|| Most Recent Exam Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already Graded A+ |
Guaranteed Success!! Newest Exam
An income is measured as ____________
An amount received in a specific period: Weekly, Biweekly, or Yearly.
Your housing costs will likely be the most expensive monthly expense you
have. You should try to keep your housing costs below % of your
gross monthly income.
33%
What type of expense is an example of the cost to drive to and from school?
a variable expense
,Besides the actual mortgage payment, what also factors into the monthly
payment on a home?
property taxes
Which of the following is a key advantage or renting?
If you get a job offer out of state, it is easier to move
Why might variable expenses change over the course of a year?
Heating and cooling costs might vary
In which situation would a certificate of deposit (CD) be the best banking
choice?
Paulo wants a guaranteed return, and won't need the money for several years
Sara would like to open a bank account. What will she need to do this?
ID
proof of address
money to start
account
What is advertising used for?
increasing product awareness
promoting company awareness
influencing consumer tastes and preferences
, A monthly fixed rate mortgage payment ____________
never changes
If you do not have a rental history or employment history, you may need a
____________ to help qualify for an apartment.
co-signer
Building equity in a home is a good thing because ____________
Equity in a home increases the homeowner's net worth
The most economical way to purchase large items, such as furniture, is to buy
with
____________
cash
Which of these is the best reason for Lisa to monitor her bank account
statements online or on her cell phone app?
to know how much money she has for budgeting
To change gross income, someone would need to ____________
earn more money
