Personal Finance 1
The dollar amount it costs to use credit
What is a credit card finance charge
A term that best describes your net pay after taxes are deducted
What is take home pay
An example of a fixed expense
The price of a security may be affected by
What is Current events
What is the largest equities market in the world?
What is the New York Stock Exchange
When money is not used and goods and services are exchanged for other goods and service
What is barter
When a person declares bankruptcy that fact will appear on the person's credit report for
What is 10 years
Most of the adverse information on a credit report appears for
What is 7 years
Financial services and products generally offered by banks and credit unions
What is savings and loans
The type of financial institutions that pays the highest rate of interest on savings account balances
what is Credit Unions
variable expenses that change from one period to another
What are Electricity and food expenditures
Which of the following provides an increase in assets or wealth
What is capital gains
Jami lost her debit card. She did not report it missing for 3 months. If an unauthorized person used her debit card, her maximum liability is
What is unlimited liability
A man budgeted $200 month for clothing. This month the man spent $150 on clothing therefore that budget item is considered to have
What is a budget variance
Which of the following does the Federal Reserve use to regulate the nation's money supply
What is monetary policy
A personal loan without assets to cover the loan amount
What is an uncollateralized loan
Which financial product typically pays the highest rate of interest
What is a Certificate of Deposit
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the:
What is the US Treasury Department
The term used to describe the ease and speed with which you can convert savings or an investment to cash
What is liquidity
Which of the following is considered to be open-end credit
What is department store charge cards
The interest earned on United States Series EE Savings Bonds is
What is exempt from state and local taxes
Buying a treasury bill (T-bill) is best for investors who are looking for
What is a secure low risk investment
Which of the following is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agreement?
What is the truth in lending act
Debbie owns a clothing store. She is concerned that a customer who is injured in the store will sue. Which type of insurance should Debbie purchase?
What is liability insurance
Before the Kiss Corporation can issue stocks or bonds, it must register the issue with:
What is the Securities and Exchange Commission