The Federal Reserve uses this to regulate the nation’s money supply:
What is monetary policy?
100
To make sure you will always remember your automated teller machine (ATM) card personal identification number (PIN), you should write the PIN and keep it:
What is in a secure place at home?
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?
What is use a random selection of letters and numbers?
100
You are investigating the field of finance as a career choice. In deciding about the field, you should focus on whether you will be able to find a balance between financial rewards and:
What is personal satisfaction?
100
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify:
What is the US Treasury Department?
200
This kind of money from the sale of stock cannot be used for saving, investing, or spending:
What are capital losses?
200
A way, other than cash, to purchase goods or services with a specific amount of money:
What is a cash card?
200
Most ATMs (Automated Teller Machine) do this if they do not belong to your home bank:
What is charge a fee?
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 are 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
Sarah 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 are $.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? (She can't.)
300
Having this provides an increase in assets or wealth:
What are capital gains?
300
A savings instrument that requires a deposit for a period of time during which there is a penalty for withdrawals is a:
What is bank Certificate of Deposit?
400
An ATM transaction is this type of money exchange:
What is an electronic funds transfer (EFT)?
400
A person with a professional degree is likely to earn at least this many times as much per year as a person who did not complete high school.
What is four?
400
When goods and services are exchanged for other goods and services without the use of money, this is called:
What is bartering?
400
The background color of a U.S. $5.00 bill is:
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 a credit union?
500
The common name for U.S. currency is:
What are 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
This a safety 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's enough money in Ms. Sanchez's account to cover the amount of the checks?