A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student should focus on which question first?
What is will I find a balance between financial rewards and personal satisfaction from work?
100
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the
What is US Treasury Department.
200
Money for saving, investing, or spending cannot be from:
What is Capital losses from the sale of stock
200
What's a good credit score?
750 and up.
200
How often should you check your credit report?
What is annually.
200
The primary sources of income for most people between the ages of 20 and 35 who are not living on a pension or social security are:
What is salaries, wages, and tips
200
Joan wants to open a checking account and wonders if checking accounts pay interest. How would you answer her question?
What is some types of checking accounts pay interest
300
ora needed to make a long-distance call from a pay phone and did not have the cash. She was able to make the call by using her:
What is Credit card
300
The denominations of coins in the United States are:
What is $.01, $.05, $.10, $.25, $.50, and $1.00
300
Susan gives Marie her ABC Credit Union debit card and personal identification number (PIN) so Marie could get $25 from Susan's bank account. Marie withdrew $100 instead of the agreed to $25. How can Susan get the $75 back?
What is no bank or government agency is obligated to reimburse Susan because she authorized Marie to use her ATM card and PIN
300
What provides an increase in assets or wealth?
What is having capital gains
300
A bank Certificate of Deposit is a:
What is savings instrument that requires a deposit for a period of time during which there is a penalty for withdrawals
400
A type of electronic funds transfer (EFT) is:
What is An ATM transaction
400
The relationship between a person's educational level and that person's potential earning power?
What is a person with a professional degree is likely to earn at least four times as much per year as a person who did not complete high school
400
When money is not used and goods and services are exchanged for other goods and services, this system is called:
What is Barter
400
Identify the background color of a U.S. $5.00 bill.
What is Green
400
Pat has a savings account and a car loan from a (not-for-profit) financial institution owned by its members. She is probably a member of what type of financial institution?
What is Credit union
500
The common name for U.S. currency is:
What is Green backs
500
New coins and currency make their way into the general economy, consumers and businesses, through the distribution system of the:
What is the Federal Reserve System
500
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
500
What is a disadvantage of using phone cards, debit cards, electronic transfers, and ATM cards?
What is they expose consumers to greater likelihood of identity theft
500
The financial institution where Ms. Sanchez has her checking account will continue to pay out money for the checks she writes as long as:
What is there is enough money in Ms. Sanchezs account to cover the amount of the checks