Guide to Your Financial Life
WSJ Week #6     Name

Click on one of the letter buttons to select your chosen answer for each question


1. Your assets, including all your investments, bank accounts, and items of value, minus
      your liabilities, including debt is called your
       Net Assets
       Net Price
       Net Worth*
       Net Value

2. The minimum amount you must pay to stay current with your montly credit card bill
      is called
       Mimimum Amount Due
       Mimumum Payment Due*
       Staying Current Amount Due
       Monthly Mimimum Payment

3. An initial, temporary rate intended to entice you to sign up for a credit card or
      other loan or to open an interest-bearing account is called a
       Bate and Switch Rate
       Teaser Rate*
       Mirage Rate
       Succor Rate

4. With credit cards, the period between the end of a monthly billing period and when the bill
      is due, typically two or three weeks is called
       the Period of Faith
       the Free Fee Period
       the Credit Limit Period
       the Grace Period*

5. In banking terms APR stands for
       Annual Percentage Rate*
       the month of April
       Adjusted Principle Rate
       Advanced Projected Rate

6. A credit card backed by a deposit in a bank account is a
       President's Credit Card
       Bank Deposit Credit Card
       Protected Credit Card
       Secured Credit Card*

7. The maximum amount you can borrow on your credit card is called
       the Monthly Limit
       the Total Outstanding
       the Credit Limit*
       the Maximum Terms

8. Borrowing on you credit card to get cash is called
       a Cash Advance*
       an Interest Based Extension
       Factoring
       a Credit Extension

9. A numerical grade that aims to tell lenders how likely you are to repay your debt is called
       a Credit Limit
       a Credit Score*
       a Grade Point Average
       a Maximum Lending Limit

10. Using a fake Web site, pop-up advertisiment, or e-mail that looks legitmate to
      extract personal information or account information from unsuspecting victims is called
       Whacking
       Hacking
       Phishing*
       Dishing

11. A legal binding agreement is called
       a Contract*
       an Equity
       a Liability
       a Tort

12. The form you fill out when you start a new job that determines how much of your pay is
      withheld for income taxes is called a
       I-4 form
       I-2 form
       W-4 form*
       W-2 form

Copyright 2012 © Gaylen K. Bunker, All rights reserved