100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Personal Financial Literacy Test Exam Questions and Answers $10.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Financial Literacy
  4.  
  5. Financial Literacy

Exam (elaborations)

Personal Financial Literacy Test Exam Questions and Answers
 8 views  0 purchase
  • Course
  • Financial Literacy
  • Institution
  • Financial Literacy

Randy earns $22 per hour. This is an example of: - Answer-Wages What is a credit score? - Answer-A number that represents the risk a lender takes on a borrower. Phil Reagan has written a check to USA Electronics for $152.65. Is this check filled out correctly? - Answer-No An account that a...

[Show more]

Preview 1 out of 3  pages

Document information

  • October 13, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • personal financial literacy test exam questions an
  • randy earns 22 per hour this is an example of

Written for

  • Financial Literacy
  • Financial Literacy

Seller

avatar-seller
lectknancy

Reviews received

Content preview

Personal Financial Literacy Test Exam
Questions and Answers
Randy earns $22 per hour. This is an example of: - Answer-Wages

What is a credit score? - Answer-A number that represents the risk a lender takes on a
borrower.

Phil Reagan has written a check to USA Electronics for $152.65. Is this check filled out
correctly? - Answer-No

An account that allows you to save money, as well as make deposits and withdrawals. -
Answer-Checking

How is the employee paid? - Answer-Wages

When budgeting, large expenses should be __________________. - Answer-Divided
equally between all paychecks

A secured loan is backed by __________________. - Answer-collateral or something of
value posted by borrower

Jimmy has poor credit, but would like to repair his credit with a credit card. For what
type of card should Jimmy apply? - Answer-Secured

What is the total amount of debt this person owes? - Answer-$20,475

Consumer credit can help a lender determine how much a borrower is charged to
borrow money. - Answer-True

What is the definition of a "want"? - Answer-Something you would like to have.

A __________allows you to invest your money with a set interest rate for a pre-set
period of time. - Answer-Certificate Of Deposit

Is debt-to-income a factor when a lender is assessing whether to loan a borrower
money? - Answer-Yes

Wages, salary and commission are examples of what type of income? - Answer-Earned

James earns 10% of every sale he makes. This is an example of: - Answer-Commission

Credit allows you to? - Answer-Purchase an item right now and pay for it later

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77988 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart