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FBLA COMPETITIVE EVENT PERSONAL FINANCE STUDY GUIDE QUESTIONS WITH COMPLETE ANSWERS

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FBLA COMPETITIVE EVENT PERSONAL FINANCE STUDY GUIDE QUESTIONS WITH COMPLETE ANSWERS

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74. An amount to be paid for an insurance policy or a sum added to an ordinary price
charge:


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Premium




This occurs when a consumer requests the credit bureaus to deny all access to the
consumer's credit information or files.


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Credit Freeze

,58. Sales tax is an example of what kind of tax?


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Regressive




30. The unpaid portion of a loan is called:


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Principal




15. The total interest earned on $100 for three years at 10% (compounded annually)
would be roughly:


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$21




1. Retirement planning should ideally begin:


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When the first paycheck is received

,34. ______ is the amount earned before taxes are withheld.


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Gross Pay




These stocks are stocks in corporations that reinvest their profits into the business so
that it can grow.


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Growth




What are collective values?


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Things important to society as a whole




59. Determining and evaluating choices:


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First step in financial planning

, Guarantees a product's quality and performance.


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Warranty




4. On-the-job training is an example of:


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Informal Education




65. Financial claim against property:


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Lien




79. SEC' A government commission created by congress to regulate the securities
markets and protect investors. In addition to regulation and protection, it also
monitors the corporate takeovers in the U.S.:


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Securities and Exchange Comission

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