TCU Personal Financial Literacy Final Exam –
Questions With Appropriate Solutions
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Practice questions for this set
Learn 1 /7 Study with Learn
Yes, til age 26
Choose an answer
Is a high deductible medical
Def of life insurance and do you need
1 insurance plan appropriate for you as 2
it?
a young person?
How many months worth of expenses
Is there a law that allows a child to
3 should you have in your emergency 4
stay on parent's health insurance?
fund?
, Don't know?
Terms in this set (55)
Is a high deductible medical YES - a high deductible medical insurance plan will
insurance plan appropriate for you as have lower premiums
a young person?
Deductible = the amount of money you have to pay
for medical costs before your health insurance
starts picking up a greater portion of the tab
Premiums = the amount taken out of your paycheck
to pay for your coverage
What is impact of having good credit The higher your credit score, the lower the interest
score when getting a loan? rate on the loan will be
FICA Mandatory, statutory taxes that fund Social Security
and Medicare - taken directly out of your paycheck
Average rate of return for stocks over Stocks return 10%, bonds return 5.5%, cash returns
past 70 years 3%
How many months worth of expenses 9 months
should you have in your emergency
fund?
how should u go about saving for ur 50% needs
financial goals 30% wants
20% savings
OR
80% spending
20% saving
know the relationship between INVERSE RELATIONSHIP! (Interest rate goes up, the
interest rates and price of bonds price of bonds goes down)
Questions With Appropriate Solutions
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Practice questions for this set
Learn 1 /7 Study with Learn
Yes, til age 26
Choose an answer
Is a high deductible medical
Def of life insurance and do you need
1 insurance plan appropriate for you as 2
it?
a young person?
How many months worth of expenses
Is there a law that allows a child to
3 should you have in your emergency 4
stay on parent's health insurance?
fund?
, Don't know?
Terms in this set (55)
Is a high deductible medical YES - a high deductible medical insurance plan will
insurance plan appropriate for you as have lower premiums
a young person?
Deductible = the amount of money you have to pay
for medical costs before your health insurance
starts picking up a greater portion of the tab
Premiums = the amount taken out of your paycheck
to pay for your coverage
What is impact of having good credit The higher your credit score, the lower the interest
score when getting a loan? rate on the loan will be
FICA Mandatory, statutory taxes that fund Social Security
and Medicare - taken directly out of your paycheck
Average rate of return for stocks over Stocks return 10%, bonds return 5.5%, cash returns
past 70 years 3%
How many months worth of expenses 9 months
should you have in your emergency
fund?
how should u go about saving for ur 50% needs
financial goals 30% wants
20% savings
OR
80% spending
20% saving
know the relationship between INVERSE RELATIONSHIP! (Interest rate goes up, the
interest rates and price of bonds price of bonds goes down)
