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Personal Finance EOC Review Questions and Answers Fully Solved
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Personal Finance EOC Review
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Personal Finance EOC ReviewA Certificate of Deposit is a savings account with a: - answer Certificate
Keeping a monthly log of your expenses and income is called: - answer Budgeting
Food, shelter, and clothing would be: - answer Necessities
If I go to the movies for entertainment, I am satisfying a: - answer Want
In budgeting, you should always pay your _________ first. - answer Necessities
To manage money effectively, you need a cash flow which is a ________. - answer
Budget
Not the amount of your income, but ___________ and making savings a _______ are
keys to saving money. - answer1. Discipline
2. Priority
Financial responsibility is taught by encouraging others to _________ their money to
make significant purchases. - answerSave
Future value is the original deposit based on a certain rate over a certain period of time
and it's worth on a certain _______. - answerDate
Your work hours have be reduced; so, therefore, you must reduce some of your
expenses such as vacation, fine dining, and ______ tv. - answerCable tv
An impulse purchase is buying _________ thinking. - answerWithout
Diversification means to ________ around and lower risk. - answerSpread
A corporation retirement plan is known by the IRS tax code, ___________. -
answer401K
Dividends are profiles from a companies ________. - answerStocks
Using the Rule of 72, what interest would double your money in 6 years? - answer12%
Using the Rule of 72, at 4% interest how long would it take me to double my money? -
answer18 years
A share of ownership in a company is also known as a __________. - answerStock
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