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Personal Finance Retake Questions

  1. Why are business bonds considered safer investments than stocks and why?
  2. What are the positives and negatives of credit cards?
  3. How do bank loans work on house and car loans?
  4. What is the pros and cons of 15 and 30 year loans?
  5. What are the positives and negatives of a CD?
  6. What are savings accounts used for short term or long term plans and explain why and how?
  7. What are the positives of having a high credit score?
  8. What are the negatives of having a low credit score?
  9. Why do financial experts believe you need to have 3-6 months salary in a savings account?
  10. Why is carrying a high balance on credit cards bad for your quality of life?
  11. What is borrowing and how do we do it in personal finance?
  12. What is credit score and explain how that score is used and how they come up with it?
  13. Explain in Investing and the different ways we invest and why we invest?
  14. What is debt and give examples?
  15. In what ways would you want high interest rates? Give examples
  16. How does a low credit score impact your quality of life?
  17. Who charges the highest interest rates and why? Hint- (PayDay Loans)
  18. What are the positives and negatives of bonds?
  19. What are the positives and negatives of stocks
  20. Explain how mutual funds work and why they are the safest investment?
  21. What is the best way to gain equity in your life?