Exam 15: Personal Finances

The second step in financial planning is to set short-term,intermediate-term and long-term financial goals

The purpose(s)of a cover letter is to:

Which of these employee benefits is just as important or perhaps even more important than medical insurance?

The first step in getting a job offer is to prepare a(an)_____.

You are more likely to qualify for a loan if you _____.

In a budget,a(n)_________ occurs when the actual amount of an expenditure is less than the budgeted amount

Your liabilities are items of monetary worth that you own.

To increase the supply of money available for mortgage loans and new home purchases _____ bought mortgages already written by lenders,pooled them,and sold them as mortgage-backed securities to investors on the open market.

Examples of personal liabilities include the following except_______.

Your personal assets consist of what you own.

Answering "yes" to which statement might indicate personal financial problems?

Federal Plus is a federally sponsored program that provides students with paid,part-time jobs on campus.

The main purpose of a résumé is to _____.

If someone is insolvent,it's because they are spending more than they're earning.

Fraudulent mortgage applications increased by 300 percent between 2002 and 2006.

In determining your credit score,the length of your credit history is not nearly as important as the types of credit you use.

Your _____ is the difference between your assets and your liabilities.

After sending a résumé and cover letter to the company for the job you want,the next thing to do is to:

Whenever you use credit,those you borrow from provide information on your debt and payment habits to three national credit bureaus.

Average credit card debt per U.S.household has been decreasing since the 1990s.