AnswersFL-2102371-Personal Finance and Money ManagementCumulative Exam

Cumulative Exam — Cumulative exam Answers

25 verified answers3 views
21
Free Preview

Which information can be found on a person’s credit report? Check all that apply.

A
an unpaid utility bill that has been given to a collection agency
B
the person’s credit rating
C
the person’s yearly income
D
the person’s social security number
E
an inquiry from a bank that requested the person’s credit report
F
the person’s education level
22
Free Preview

Ike invests $7,660 in an account paying 7.27% simple interest annually. How much interest has Ike gained after four years?a.$222.75b.$2,227.53c.$1,392.20d.$13,922.05

A
A
B
B
C
C
D
D
23

How do bank loans help the nation’s economy?

T
They ensure consumer spending and confidence.
T
They ensure the success of new businesses.
T
They allow businesses to expand and improve.
T
They allow consumers to quickly pay off debts.
24

Theo and Amelia retained an attorney for advice about their troubled financial situation. Last month, they received a discharge and their Chapter 7.What negative impact will this couple face after filing for bankruptcy?

T
They will need to keep a budget.
T
They will need to monitor credit reports.
T
They will need to repair their credit score.
T
They will need to start an emergency fund.
25

Which describes a set amount of pay received by a worker over the course of a year?

t
tuition
e
expense
s
salary
h
hourly wage

Did you find these answers helpful?

More from this Course

Quiz
49 verified answers

Cumulative Exam

Quiz
25 verified answers

Unit Test