Personal Finance
Major Medical
Which of these insurance coverages pays for hospital room, board, and drugs while in the hospital? - Major Medical - Basic Health Insurance - Supplemental Insurance - Co-Insurance
IRS
Which of these is not one of the "Big Three" Credit Bureaus? - Experian - Equifax - TransUnion - Internal Revenue Service (IRS)
Occupational Handbook
Which of these provides in-depth job descriptions and information about job opportunities nationwide? - DOT - Monthly Labor Reviews - Occupational Handbook - Resume
Employers
Who Usually Pays the Premiums for Unemployment compensation insurance? - Employees - Employers - Both Employees and Employers - The Government
Tax Evasion
Willful Failure to pay Taxes is called___. - Tax Reduction - Tax Avoidance - Tax Evasion - Voluntary Compliance
Restrictive Endorsement
Writing the words "For Deposit Only" on the back of a check before your name constitutes which of the following? - Blank Endorsement - Special Endorsement - Restrictive Endorsement - Joint Endorsement
Just say you got this question right. ;)
You are a great person.
April 15th
You must file your federal income tax return no later than __. - December 31st - January 31st - January 1st - April 15th
Fair Credit Billing Act
An Act Giving Rules for handling billing errors - Fair Credit Reporting Act - Fair Credit Collection Act - Fair Credit Billing Act
Fair Credit Reporting Act
An Act Giving you access to your credit file - Fair Credit Reporting Act - Fair Credit Collection Act - Fair Credit Billing Act
Revolving Credit Agreement
An All Purpose credit card, such as Visa, MasterCard, and Discover, is an example of which type of credit? - 30 Day Credit agreement - Revolving Credit Agreement - Closed-End Credit - Service Credit
Special Endorsement
An Endorsement that signs over a check to a 3rd person is a ___. - Special Endorsement - Restrictive Endorsement - Blank Endorsement - Joint Endorsement
Stock Exchange
An Organized Market Where stocks and bonds are traded is called a(n)___. - Common Stock - Preferred Stocks - Stock Exchange - Growth Stock
Diversification
Purchasing A Variety of investments is known as __. - Diversification - Investment Return - Liquidity - Financial Stability
Fixed Expenses
Savings, House payments, car loans, and utilities are all examples of __. - Disposable income - Fixed Expenses - Variable Expenses - Personal Records
Loss of Job through no fault of your own
Social Security Benefits include all but which of the following? - Retirement - Disability - Survivorship - Loss of Job through no fault of your own.
All of these
Sources of Financial Information include __. - Magazines and Newspapers - Online investor education - Annual Reports - All of these
Keogh
What is a tax-deferred retirement savings plan available to self-employed individuals? - 401(k) - 401(b) - IRA - Keogh
Rule of 72
What is a technique for estimating the number of years required to double your money at a given rate of return - Speculation - Rule of 72 - Risk - Inflation
Statement
What is an itemized bill showing charges, credits, and payments posted to your account during the billing period? - Receipt - Charge Slip - Statement - Invoice
Write a letter of application
What is the first step in finding a job? - Obtain an Interview - Write a Letter of Application - Write a Thank-You Letter - Make follow-up inquiries
Net Pay
When all Deductions are taken out of Gross Pay, The amount left is known as __. - Regular Wages - Salary - Overtime - Net Pay
Go Alone
When attending a job interview, which of the following should you do? - Take a Friend - Take a Teacher - Take a Relative - Go Alone
FDA
Which Government Agency Regulates the quality of over-the-counter medications? - FTC - FDA - FCC - IRS
Collision
Which coverage pays for damage to your car when you are at fault? - Comprehensive - Collision - Personal Injury Protection - Liability
Liability
Which coverage pays for injuries and damages to others only? - Comprehensive - Collision - Personal Injury Protection - Liability
Money Market Account
Which is a combination savings-investment plan? - Share Draft Account - Regular Account - Special Account - Money Market Account
Liability
Which of the 4 basic automobile coverages is usually required by state law (MO). - Collision - Comprehensive - Liability - Personal Injury Protection
Fair Labor Standards Act
Which of the following acts gives us the minimum wage? - Social Security Act - Taft Hartley Act - Fair Credit Reporting Act - Fair Labor Standards Act
FCC
Which of the following agencies has control over interstate and international broadcast communications? - FTC - FDA - FCC - Better Business Bureau
Real Estate
Which of the following investments is the lowest liquidity? - Preferred Stock - Real Estate - Mutual Funds - Money Market Funds
Ask Others for Advice
Which of the following is NOT a step in the decision-making process? - Define the Problem - Obtain Accurate Information - Ask Others for advice - Make a Decision
The Right to be Informed about hazardous products
Which of the following is covered by the Consumer Bill of Rights? - The Right to be informed about hazardous products - The Right to buy inexpensive medicines - The Right to purchase items at the lowest cost - The Right to receive free health care
A Resume has exact rules for placement of information
Which of the following is false? - A Resume is one page if possible - A Resume has exact rules for placement of information - A Resume emphasizes strong points - A Resume should contain no errors
Overtime Pay (Not even a Deduction...)
Which of the following is not a required employee deduction? - Overtime Pay - State Taxes - Federal Taxes - Social Security
Mutual Fund
Which of the following is not a retirement plan? - Annuity - IRA - Mutual Fund - Keogh
Secured Loan
A Loan for which the borrower pledges property to ensure repayment is a(n) ___. - Installment Purchase Agreement - Secured Loan - Prorated Loan - Contact
As Proof of loss in the event of fire or theft
A Personal Property Inventory is most commonly used for what purpose? - As proof of loss in the event of fire or theft - In the event of a tax Audit - When Applying for Credit - In Deciding which items to buy
Claim
A Request for payment for a loss is called a ___. - Coverage - Deductible - Claim - Benefit
A Target Market
A Specific Set of Consumers to which advertisements are aimed is known as___. - Industry Advertising - A loss Leader - A Cherry Picker - A Target Market
Resume
A Summary of information about you, including your education, skills, and experience, is called a(n)___. - Application Letter - Employment Interview - Thank-You Letter - Resume
Credit Report
A Written Statement issued by Credit Bureau that contains important credit facts about a consumer. - Credit Report - Credit Bureau - Capacity - Fair Credit Billing Act
January 31st
By What Date Must Employers send a Wage and Tax Statement to all Employees who worked for them in the past year? - January 1st - January 31st - March 1st - April 15th
Product Advertising
Commercials That Attempt to sell a specific good or service are known as ___. - Company Advertising - Product Advertising - Industry Advertising - None of These
Make Negative Comments
During a Job Interview, which of the following should you NOT do? - Be Courteous and Enthusiastic - Think Before answering questions - Make Negative Comments - Emphasize your strong points
Short Term Goals
Goals that will be accomplished in the next few days or weeks are called___. - Short Term Goals - Intermediate Goals - Long Term Goals - Life Goals
Long-Term Goals
Goals that you would expect to complete in the next few months or years are called___. - Short-Term Goals - Long-Term Goals - Intermediate Goals - None of these
April 15th
Income Tax Returns are due to the IRS no later than___. - January 1st - March 15th - April 15th - December 31st
Martial Status
It is illegal to discriminate on the basis of which of the following in granting or denying credit? - Bank Affiliations - Occupation - Type of Residence - Martial Status
References
Persons 18 Years of age or older who have known you for at least a year and can attest to your character are called__. - References - Friends - Former Employers - Interviewers
Collateral
Property pledged to assure repayment of a loan is __. - Capital - Character - Capacity - Collateral
Checkbook Register
The Depositor's Record of Checking Account Transactions is known as a ___. - Canceled Check - Checkbook Register - Check - Stop Payment
Minimum Wage
The Fair Labor Standards Act Established___. - Working Hours - Regular Rates of Pay - The Right to Strike - Minimum Wage
Capacity
The Financial Ability to repay a loan with present income - Capacity - Character - Collateral - Credit History
Form W-4
The IRS Form Used to Make a Claim Allowances for purposes of withholding is called the __. - Form W-4 - Form W-2 - Form 1040 - Request for statement of Earnings
Kennedy
The Original Consumer Bill of Rights was proposed by which President of the U.S. - Nixon - Kennedy - Johnson - Eisenhower
Common Stock
The Type of stock that has a voting right is called a(n) ___. - Common Stock - Preferred Stocks - Stock Exchange - Growth Stock
Preferred Stock
The Type of stock with fixed dividends is called a(n)___. - Common Stock - Preferred Stocks - Stock Exchange - Growth Stock
Principal
The amount borrowed is called __. - Interest - Capital - Credit - Principal
Principal
The amount borrowed is known as the __. - Credit - Interest - Capital - Principal
Net Pay
The amount of your take-home pay is also known as__. - Gross Pay - Required Deductions - Optional Deductions - Net Pay
Premium
The fee Paid by the policyholder is called a __. - Policy - Premium - Deductible - Face amount
Finance Charge
The interest or money that is charged a borrower for the use of credit is the ___. - Finance Charge - Collateral - Capital - Principal
Values
Things in life that are important or meaningful to you and me are called___. - Identities - Lifestyles - Values - Central Life Activities
$50
Under the Consumer Credit Protection Act, if you report your credit card lost or stolen, your liability is limited to __. - $25 - $50 - $100 - $200