I KNOW THE ANSWER!
AT TIMES I GUESS :-(
I'M SURE ABOUT THIS ONE! :-/
ON THE ROAD TO PASSING THIS FINAL! :-)
I NEED TO STUDY! :-|
100
On Average, the ideal amount of sleep for most adults is: a. 5-6 hours b. 6-7 hours c. 7-8 hours d. 8-9 hours
What is 7-8 hours?
100
Costs that occur regularly and are for the same amount each time are known as a. budget expenses b. fixed expenses c. flexible expenses d. periodic expenses
What are fixed expenses?
100
The part of the profits of a corporation that each shareholder receives is known as a. dividends b. shares c. stocks d. bonds
What are dividends?
100
__________ are business organizations that accommodate the buying and selling of securities a. savings and loans b. stock exchanges c. credit unions d. commercial banks
What are stock exchanges?
100
A __________ is an amount you must pay before the insurance company pays a claim. a. premium b. policy c. claim d. deductible
What is a deductible?
200
The amount of debt to which interest is applied is best known as a. credit b. loan c. principal d. payment
What is principal?
200
Living costs involving differing amounts each time are known as a. budget expenses b. fixed expenses c. flexible expenses d. periodic expenses
What are flexible expenses?
200
The ratio of a stock’s selling price to its earnings per share is called a. sales-earning ratio b. sales per ratio c. earnings-price ratio d. price-earnings ratio
What is a price-earnings ratio?
200
____________ protects a car owner against financial loss associated with damage resulting form a collision with another car or object or from the car turning over. a. insurance rates b. bodily injury liability coverage c. property damage liability coverage d. collision insurance
What is collision insurance?
200
Commercial banks, savings and loan institutions, mutual savings banks, and credit unions are examples of a. deposit-type institutions b. non-deposit institutions c. full service banks d. franchise institutions
What are deposit-type institutions?
300
The federal agency that protects the depositors’ money in case of the failure of a bank or financial institution is a. Securities and Exchange Commission (SEC) b. Federal Reserve System (Fed) c. National Banks d. Federal Deposit Insurance Corporation (FDIC)
What is the Federal Deposit Insurance Corporation (FDIC)?
300
Budgets help individuals to a. achieve financial goals b. plan for future emergencies c. buy wisely d. all of the above
What is all of the above?
300
Putting money aside in a systematic way to help reach a financial goal is a a. budget b. savings plan c. money plan d. spending plan
What is a savings plan?
300
___________ is the planned protection provided by sharing economic losses. a. insurance b. premium c. risk d. none of the above
What is insurance?
300
Life insurance companies, investment companies, consumer fiance companies, mortgage companies, check-cashing outlets, and pawnshops are examples of a. deposit-type institutions b. non-deposit institutions c. full service banks d. franchise institutions
What are non-deposit institutions?
400
A report that shows the debt you owe, how often you use credit, and whether you pay your debt on time is: a. credit moral report b. repayment report c. credit report d. bank statement
What is a credit report?
400
An amount of money remaining after all expenses have been met a. surplus b. deficit c. expenditure d. none of the above
What is a surplus?
400
The ease with which an investment can be changed into cash without losing any of its value is a. safety b. yield c. liquidity d. none of the above
What is liquidity?
400
__________ are potential losses to others that occur as a result of injury or damage that you may have caused. a. economic risk b. personal risks c. property risks d. liability risks
What are liability risks?
400
___________ is a system through which funds are moved electronically from one account to another and from one bank to another. a. electronic information transfer b. electronic fund transfer c. remote access d. financial telecommuting
What is an electronic fund transfer?
500
An itemized summary of probable expenditures and income for a given period is a a. budget b. credit plan c. debt repayment plan d. goal outline
What is a budget?
500
A licensed specialist in buying and selling stocks and bonds is known as a. a stockholder b. a stock person c. a stockbroker d. a stock boy
What is a stockbroker?
500
A certificate representing a promise to pay a definite amount of money at a stated interest rate on a specified maturity date is a a. share b. dividend c. mutual fund d. bond
What is a bond?
500
The amount the policyholder must pay for insurance coverage is called a a. premium b. policy c. claim d. deductible
What is a premium?
500
Savings that are put to work to earn money are known as a. investments b. interest c. capital d. expenditures
What are investments?
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