FBLA PERSONAL FINANCE STUDY GUIDE
QUESTIONS WITH CORRECT ANSWERS 2025
InHtheHcaseHofHaHsavingsHaccountHwhatHisHtheHprincipal?H-HCORRECTHANSWERH-
TheHamountHofHmoneyHyouHdeposit
TheHFederalHReserveHSystemHisH-HCORRECTHANSWERH-
TheHcentralHbankingHsystemHofHtheHUnitedHStates
TheHriseHinHtheHlevelHofHpricesHforHgoodsHandHservicesHisH-HCORRECTHANSWERH-Inflation
TheHwaysHinHwhichHgroupsHofHpeopleHchangeHoverHtimeH-HCORRECTHANSWERH-
DemographicHtrends
WhenHconsideringHaHjobHofferHwhatHfactorsHshouldHyouHconsider?H-HCORRECTHANSWERH-
WorkHenvironment,HFactorsHaffectingHsalary,HEmployeeHBenefits
NetworkingHisHaHwayHofH-HCORRECTHANSWERH-MakingHandHusingHcontactsHtoHgetHjobHinformation
AHsafe-depositHboxHisHforHkeepingHimportantHdocumentsHandHtheyHcanHbeHrentedHatH-
HCORRECTHANSWERH-aHbank
LiabilitiesHareHsplitHbetweenH-HCORRECTHANSWERH-CurrentHandHLongHterm
YourHnetHworthHisHcalculatedHasH-HCORRECTHANSWERH-AssetsH-HLiabilities
Take-homeHpayHisH-HCORRECTHANSWERH-grossHpayHlessHtaxesHandHotherHdeductions
, TheHmoneyHleftHoverHafterHyouHhaveHpaidHforHtheHessentials-
Hfood,clothing,shelter,transportation,HandHmedicationH-HCORRECTHANSWERH-
DiscretionaryHincome
WhichHofHtheHfollowingHareHsmartHbuyingHstrategies?H-HCORRECTHANSWERH-
ComparingHbrands,HcomparingHlabels,HcomparingHprices
SmallHClaimsHcourtHdealsHwithHlegalHdisputesHwithHlimitsHsetHbyH-HCORRECTHANSWERH-States
DirectHdepositHisHmostHcommonlyHassociatedHwithH-HCORRECTHANSWERH-PayHchecks
TheHFederalHDepositHInsuranceHCompanyHinsuresHbankHdepositsHupHtoH-HCORRECTHANSWERH-
$250,000
AHMoneyHMarketHAccountHisHaHsavingsHaccountHthatH-HCORRECTHANSWERH-
hasHanHinterestHrateHthatHvariesHmonthly
CompoundingHisHtheHprocessHinHwhichHinterestHisHearnedH-HCORRECTHANSWERH-
onHtheHprincipalHandHpreviouslyHearnedHinterest
AHstopHpaymentHorderHisH-HCORRECTHANSWERH-
aHrequestHthatHanHinstitutionHnotHcashHaHparticularHcheck
WhenHdoingHaHbankHreconciliation,HoutstandingHchecksHshouldHbe?H-HCORRECTHANSWERH-
subtractedHfromHtheHbankHstatementHbalance
TwoHadvantagesHofHcreditH-HCORRECTHANSWERH-
useHofHproductHwhileHpayingHforHitHandHeasierHreturns/exchanges
QUESTIONS WITH CORRECT ANSWERS 2025
InHtheHcaseHofHaHsavingsHaccountHwhatHisHtheHprincipal?H-HCORRECTHANSWERH-
TheHamountHofHmoneyHyouHdeposit
TheHFederalHReserveHSystemHisH-HCORRECTHANSWERH-
TheHcentralHbankingHsystemHofHtheHUnitedHStates
TheHriseHinHtheHlevelHofHpricesHforHgoodsHandHservicesHisH-HCORRECTHANSWERH-Inflation
TheHwaysHinHwhichHgroupsHofHpeopleHchangeHoverHtimeH-HCORRECTHANSWERH-
DemographicHtrends
WhenHconsideringHaHjobHofferHwhatHfactorsHshouldHyouHconsider?H-HCORRECTHANSWERH-
WorkHenvironment,HFactorsHaffectingHsalary,HEmployeeHBenefits
NetworkingHisHaHwayHofH-HCORRECTHANSWERH-MakingHandHusingHcontactsHtoHgetHjobHinformation
AHsafe-depositHboxHisHforHkeepingHimportantHdocumentsHandHtheyHcanHbeHrentedHatH-
HCORRECTHANSWERH-aHbank
LiabilitiesHareHsplitHbetweenH-HCORRECTHANSWERH-CurrentHandHLongHterm
YourHnetHworthHisHcalculatedHasH-HCORRECTHANSWERH-AssetsH-HLiabilities
Take-homeHpayHisH-HCORRECTHANSWERH-grossHpayHlessHtaxesHandHotherHdeductions
, TheHmoneyHleftHoverHafterHyouHhaveHpaidHforHtheHessentials-
Hfood,clothing,shelter,transportation,HandHmedicationH-HCORRECTHANSWERH-
DiscretionaryHincome
WhichHofHtheHfollowingHareHsmartHbuyingHstrategies?H-HCORRECTHANSWERH-
ComparingHbrands,HcomparingHlabels,HcomparingHprices
SmallHClaimsHcourtHdealsHwithHlegalHdisputesHwithHlimitsHsetHbyH-HCORRECTHANSWERH-States
DirectHdepositHisHmostHcommonlyHassociatedHwithH-HCORRECTHANSWERH-PayHchecks
TheHFederalHDepositHInsuranceHCompanyHinsuresHbankHdepositsHupHtoH-HCORRECTHANSWERH-
$250,000
AHMoneyHMarketHAccountHisHaHsavingsHaccountHthatH-HCORRECTHANSWERH-
hasHanHinterestHrateHthatHvariesHmonthly
CompoundingHisHtheHprocessHinHwhichHinterestHisHearnedH-HCORRECTHANSWERH-
onHtheHprincipalHandHpreviouslyHearnedHinterest
AHstopHpaymentHorderHisH-HCORRECTHANSWERH-
aHrequestHthatHanHinstitutionHnotHcashHaHparticularHcheck
WhenHdoingHaHbankHreconciliation,HoutstandingHchecksHshouldHbe?H-HCORRECTHANSWERH-
subtractedHfromHtheHbankHstatementHbalance
TwoHadvantagesHofHcreditH-HCORRECTHANSWERH-
useHofHproductHwhileHpayingHforHitHandHeasierHreturns/exchanges