Personal finance study guide.

Increasing your credit score.

Benefits to paying the full balance of your credit card each month include.

They are used for anything listed on the budget.

Which of the following is NOT true about emergency funds?

All of the above.

Which of the following is a possible tax or deduction that they may show up on your paycheck?

They charge low fees.

Which of the following statements about check cashing companies is FALSE?

A type of investment that invests in a mix of different types of investments.

A mutual fund is?

Compare your own records of your spending with your financial institutions records.

How could you reconcile your bank account to avoid spending more than you have?

Your bank.

If there is an issue with your bank statement or account balance, who should you contact to resolve the issue?

Recurring expenses.

In addition to needs, what should you plan for first when creating a budget?

Placing a credit freeze with credit bureaus.

Recommended methods to protect yourself from identity theft and fraud include________.

How much taxes you've paid in the last year based on how much you've earned.

The W-2 form is a form that tells you______.

How much you've earned and how much taxes you've paid in the last year.

What does the W-2 form tell you?

All of the above are good reasons to have an emergency fund.

Which choice or choices best describes the purpose of an emergency fund?

Check cashing and payday loan companies

Which of the following financial institutions typically have the highest fees?

A high interest rate.

Which of the following is NOT a feature that makes a secured loan less costly than an unsecured loan?

Sales tax.

Which of the following is NOT a possible tax or deduction that could show up on your paycheck?

Investing is guaranteed way to grow your money.

Which of the following statements about investing is FALSE?

Savings accounts don't usually require a minimum balance.

Which of the following statements about savings accounts if FALSE?

Savings accounts don't usually pay interest on the money you deposit.

Which of the following statements about savings accounts is FALSE?

Savings accounts allow an unlimited amount of withdrawals each month.

Which of the following statements about savings accounts is false?

A stock is a share of ownership in a company.

Which of the following statements about stocks is TRUE?

None of the above.

Which of the following statements is TRUE?

All of the above.

Which of the following will help you protect yourself from identity and fraud?

W-2

Your employer sends you a _______ form that tells you how much you've made and how much you've paid in a year.