Insurance
This type of home insurance covers the structure of your home.
A. Liability B. Homeowner’s insurance
C. Personal Property D. Dwelling
D: Dwelling
What is the range of a possible credit score?
A. 0-1000 B. 250-500
C. 300-850 D. 150-750
C: 300-850
A security that represents part ownership of a company is called a(n)____________.
A. Stock B. Bond
C. Certificate of deposit D. Annuity
A. Stock
When you buy specific items like cigarettes, alcohol, airline tickets or gas, you will pay ____________ .
A. Income tax B. Sales tax
C. Tax liability D. Excise tax
D: Excise Tax
Medicare and Medicaid are examples of ….
A. Health Savings Accounts
B. Private health insurance companies
C. Government programs for public health insurance
D. Emergency Medical Systems
C: Government programs for public health insurance
Through the Affordable Care Act, you can stay on your parents’ health insurance until…..
A. 26 years old B. 18 years old
C. You get married D. You move out of the house
A. 26 years old
Which credit score would receive the lowest interest rate?
A. 625 B: 690
C. 706 D. 805
D: 805
Investing your money earns you more money because of…..
A. Checking accounts B. Compound growth
C. Mortgage payments C. Short-term savings
B: Compound Growth
The deadline for filing your income tax return usually falls on ________ .
A. April 15 B. October 13
C. August 15 D. July 4
A: April 15
The three components of compound growth are money, time and _________.
A. A large paycheck B. Retirement
C. Investments D. Rate of Return
D. Rate of Return
Own occupation disability insurance will pay you if you......
A. Can’t work any job B. Are older than 26
C. Can’t do the job you were educated to do
D. You’re healthy and able-bodied
B: Can't do the job you were educated to do
Mutual funds are less risky and can outperform the stock market because…..
A. They’re not diversified B. They’re fully liquid
C. They guarantee a high rate of return
D. They invest in several companies at once
D: They invest in several companies at once
This tax form is filled out on your date of hire.
A. W-2 B. 1040
C. W-4 D. 1099
C. W-4
A specified amount of money that the insured must pay before an insurance company will pay a claim is known as a ________.
A. Deductible B. Premium
C. Disability D. Liability
A. Deductible
_________ will provide money to replace lost income for years - even up to retirement.
A. Short-term disability B. Necessary Insurance
C. Identity theft protection D. Long-term disability
D. Long-Term Disability
A. Payment History
B. Amounts Owed
C. Gender and Marital status
D. Amount of Current Debt
C. Gender and Marital Status
When using a Roth plan, you invest your money after paying taxes, and the investment grows tax-free.
A. True
B. False
A. True
You use this tax form to file your federal tax return
A. 1040 B. W-2
C. W-4 D. 1099
A. 1040
People who rely on you financially are called your ____.
A. Family B. Beneficiaries
C. Dependents D. Death Benefits
C. Dependents
Comprehensive coverage pays for loss or damage to your car caused by ________.
A. Anything other than a collision B. A collision
C. Accidents that happen on the road D. Injuries
A: Anything other than a collision
Which bureau below is not one of the 3 government authorized bureaus that will provide a free credit report to you?
A. Experian B. Equifax
C. TransUnion D. Federal Trade Commission
D. Federal Trade Commission
A(n) _____________ is a pool of money from different investors, which is used to invest in stocks, bonds and other money markets.
A. Mutual fund B. Single stock
C. Bond D. Annuity
A: Mutual Fund
Which of the following is NOT a characteristic of term life insurance?
A. It is for a specific amount of time
B. The Payments are on a fixed rate
C. It is an investment where your money can grow over time.
D. If the insured dies during the term, the beneficiaries will receive the insurance money
If you’re unable to live in your home while it’s being repaired, _____ coverage will cover those additional living expenses.
A. Renter’s Insurance B. Loss of Use
C. Personal Property Coverage D. Dwelling Coverage
B: Loss of Use
If a company wants to run my credit report in order to send me promotional information about a credit card offer, what type of inquiry would that be?
A. Hard Inquiry B. Soft Inquiry
C. Equifax D. TransUnion
B. Soft Inquiry
A ________ is an investment where you lend a company or the government money.
A. Single Stock B. Bond
C. Certificate of Deposit D. Mutual Fund
B. Bond
If a taxpayer fills out their W-4 in a way that does not withhold enough money to cover how much they owe in taxes, what is the most likely outcome after they file their taxes?
They will owe a payment to the IRS
This type of insurance would cover damage to your car when you are at fault during an accident.
A. Liability B. Collision
C. Comprehension D. Personal Injury Protection
B. Collision