The cost required for something; the money spent on something
What is an expense?
100
CD stands for:
What is Certificate of Deposit?
100
There are always guarantees in the stock market (T/F)
What is false?
100
The account number is located in 2 different places on the check (T/F)
What is false?
100
The amount of money borrowed by one party from another
What is debt?
200
Money received on a regular basis for work or investments is referred to as:
What is income?
200
IRA stands for:
What is Individual Retirement Account?
200
The __________ is where stocks & bonds are traded
What is the stock market?
200
The return address on an envelope belongs:
What is in the top left corner?
200
________ are what a person owns outright; they have paid for the object in full
What is an asset?
300
An estimate of income and expenditure for a set period of time
What is a budget?
300
A bank account that earns interest:
What is a savings account?
300
You want to sell stocks when their value is:
What is worth more than you initially paid for them?
300
On the check register, if we are purchasing an item, we will ____________ it from our previous balance
What is subtract?
300
The information required in the top left corner of a check includes (in the correct order)
What is name, address, city, state, zip code, phone # and driver's license #
400
This type of insurance is required by law. If you're in a wreck, it will at least cover the other person's expenses for vehicle repairs.
What is liability insurance?
400
Allows taxpayers to save for retirment while their savings grow tax free
What is a Roth IRA?
400
A debt investment
What is a bond?
400
When filling out a check to a place of business where we have an account, we will write this account number on this line on the check
What is the memo line? Bottom left line?
400
Established by employers to help employees take a portion of their paycheck and put it away into a retirement fund for use after the employee has retired
What is a 401(k)?
500
A fixed, regular payment paid by an employer to an employee
What is salary?
500
With this form of IRA, taxes are paid on contributions (upfront)
What is Roth IRA?
500
Name three reasons companies sell stocks:
What is to create new products, hire new employees, improve existing products?
500
When filling out a deposit slip, you add up cash and coin separately for this reason
Ms. Huston will decide if your answer is correct
500
Offers a higher interest rate than a regular savings account