If a person makes a deposit of 10000 or more into a bank account the bank must notify the
US Treasury Department
100
A purchased certificate to pay a specified amount to a specific payee is a
Money order
100
A pharmacy is to drugs as the American Stock Exchange is to
Securities
100
What does the Federal Reserve use to regulate the nation's money supply?
Monetary Policy
100
Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How should he select a PIN that will give him maximum protection against anyone else being able to find out what the PIN is?
Use a random selection of letters and numbers
200
Banks use savings account deposits to
Give loans to consumers and businesses
200
You have a checking account balance of $100 and you deposit a personal $200 check from your brother in your checking account. When will you be able to withdraw $150 in cash?
3 to 7 days later, depending on your bank's check clearance policy
200
Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50% margin. This means that the
brokerage firm is lending the investor 50% of the money
200
What is a disadvantage of using phone cards, debit cards, electronic transfers, and ATM cards?
They expose consumers to greater likelihood of identity theft
200
When money is not used and goods and services are exchanged for other goods and services, this system is called
barter
300
Which financial product may pay a dividend?
Common Stock
300
What action should a person take who must make a tuition payment at the end of August each year?
Divide how much money will be needed and then place 1/12th equal parts of that amount in a separate account each month
300
As an investment, a person decides to buy a small house that has three rental apartments. The profits from this investment may be lower then expected if
One of the apartments is not rented
300
Purchases made with your debit card are usually
deducted immediately from your checking account.
300
The primary sources of income for most people between the ages of 20 and 35 who are not living on a pension or social sercurity are
Salaries, wages, and tips
400
How can individuals be prepared for losing their job or having a large medical expense?
Save at least three months of income
400
The National Credit Union Administration (NCUA) insures accounts in
Credit Unions
400
Before the Kiss corporation can issue stocks or bonds, it must register the issue with
The Securities and Exchange Commission (SEC)
400
Buying a treasury bill (T-bill) is best for investors who are looking for
a secure low-risk investment
400
Money for saving, investing, or spending cannot be from
Capital losses from the sale of a stock
500
Which financial product can you buy for $25, is safe, and will be worth $50 at a future date?
Series EE Savings Bond
500
The term used to describe the ease and speed with which you can convert savings or and investment to cash is
Liquidity
500
George received a dividend from the company in which he is a stockholder a dividend is
Distribution of part of the company's profit
500
A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the students should focus on which question first?
Will I find a balance between financial rewards and personal satisfaction from work?