When the inflation rate is higher than interest earned in a savings account.
When is putting money in savings not likely to produce a better return than investing the stock market?
100
Equal Credit Opportunity Act
What law prevents creditors from discriminating against consumers on the basis of gender and/or race?
100
A FICO score of 540
What is an example of a bad credit score?
200
A portfolio that includes a variety of assets whose prices are not likely all to change together.
What is a diversified portfolio?
200
Is a benefit for which you will have to pay income tax sometime in the future, most likely after you retire.
What is tax deferred?
200
The Fed increased the money supply.
What is the result of the Federal Reserve bying treasury securities from banks?
200
Truth in Lending Act
What is another name for the Consumer Credit Protection Act?
200
Control the money supply and control inflation
What are the two main functions of the Fed?
300
Distributions of money, stock, or other property that a corporation pays to stockholders.
What are dividends?
300
The form used to figure out the amount of income tax to have withheld from your paycheck, which is called your withholding allowance.
What is W-4?
300
To get customers to buy their products.
Why do companies offer rebates?
300
Form of corporate bankruptcy in which the company is allowed to reorganize while still operating.
What is Chapter 11 Bankruptcy?
300
To increase demand for a company's product.
Why do companies advertise their products?
400
The accumulated skill, knowledge and expertise of workers.
What is human capital?
400
Rise in the level of prices for goods and services over time.
What is inflation rate?
400
The discretionary spending category is often forgotten.
Why are budgets often thought to be negative and constraining?
400
Designed to stop abusive practices of debt collection agencies. Outlines rules for contacting debtors.
What is Fair Debt Collection Practices Act?
400
The cost of borrowing money.
What is APR?
500
Payments made to a person or organization for which no current or future goods or services are required in return. Federal transfer payments include Social Security and unemployment benefits.
What are transfer payments?
500
An automatic loan make to an account if the balance will not cover checks written.
What is an overdraft protection plan?
500
Open Market Operations
Which monetary tool is the primary tool used by the Federal Reserve to manage the money supply?
500
$50
What is the amount of your liability if your credit card is used fraudulently?