Which of the following is an example of an investment?
What is Tony took money out of her 401K or Latia bought shares of McDonalds stock.
100
Lisa went to DSW to buy one pair of shoes for work; however she bought three pairs of shoes using her credit card. What type of spending do credit cards allow?
What is Impulse Spending?
100
Based on the characteristic we discussed, Explain why it is important to save your money and what variables you should use to do this?
What is Higher the interest, for the longest time and the most amount you can afford to save.
100
Microsoft sold 15, 000 shares to Mr. Simmons which one of the following did they sell?
What is stock?
100
Define online banking
What is electronic way to pay bills or do banking.
200
Jaswon was at Wal-Mart and the line he was in required him to use cash only which one of the following can he use?
What is a Debit Card?
200
When a financial institutions lend money, they charge the borrowers
What is interest?
200
Why is it important to understand what a debit is?
What is amount deducted from your account to keep up with your money
200
A 401K investment is which of the following investments?
What is Tax-Deferred Investment?
200
Identify the incorrect statement
What is A debit card is handy in an emergency when you don't have the money to spend?
300
When you use a debit cart you
What is buy now, pay now.
300
What does ATM stand for?
What is Automated Teller Machine?
300
What is financial trust extended to a person or business by a lender; a loan and why is it important?
What is Credit, you need credit to buy house or a car.
300
An investment that is not taxed until you withdraw the money and begin to use it is what?
What is Tax-Deferred?
300
To keep your account safe, create a strong passoword when banking online. Name two addtional safety tips when banking online.
What is Keep user name and pass word private or log off your account and close browser
400
When you use a credit card, you
What is buy now, pay later.
400
An organization that collects funds from the public to place in financial assets such as stocks, bonds, money markets, bank deposits or loans.
What is a financial institution?
400
What is a business that pools people's money for investment in stocks or bonds of various corporation?
What is Mutual Funds?
400
An example of a financial instution is
What is a Bank?
400
List an advantage and disadvantage of a credit card.
What is credit card good for emergency disadvantage impulse spending
500
Ernest buys a house, what two things must be established first?
What is Credit, Budget?
500
I decided to pay my light bill instead of buying tickets to a Mary J Blige concert. What did I utilize?
What is Opportunity Cost?
500
What is an investment's percentage change, factoring in dividends, capital gains and reinvestments of distributions?
What is Rate of Return?
500
Who uses financial institutions?
What is Almost everyone who maintains a savings or checking account, uses debit or credt cards, or needs a loan.