ECON

What differentiates a bond from a t-bill?

A bond generally provides a greater yield due to higher interest rate than the t-bill.

The stock exchange that, among other things, deals with agricultural and livestock commodities is the _____________________.

Chicago Mercantile Exchange

_______ is a fee charged for borrowing money.

Interest

What is the major benefit of declaring bankruptcy?

It allows a person a clean slate and a clear plan towards paying off debt.

What is NOT an advantage of a corporation that differs from other types of businesses?

It is subject to more tax laws than other types of businesses.

The ________________ provides computerized stock information for investors, as well as publicly traded stocks and securities.

NASDAQ

The oldest of the stock exchanges in the United States is the _________________.

New York Stock Exchange

What is NOT an advantage of a sole proprietorship?

The owner has unlimited liability.

What is the purpose of a check registry?

To keep track of the amount of money in your checking account.

A Veterans' Administration loan is one of the only types of housing loan that does not require ________________.

a down payment

What is typically required before a potential home buyer can acquire a home loan?

a home inspection

A(n) _______ is an account for paying bills with no interest.

checking account

What type of dwelling requires payment for general maintenance completed by the facility?

condominium

Three types of loans offered by banks include ____________.

consumer home commercial

A stock's information includes all of the following EXCEPT ________________.

future predictions of the stock's value

Which of the following is a major type of insurance that a person will find themselves in need of at some point in their life? Select all that apply.

homeowner's automobile life health

A standard fixed-rate mortgage allows for fixed ____________ and _______________ throughout the duration of the loan.

interest rates : payments

_______ is the duration of a CD.

maturity

A(n) _______ has high interest but a required balance.

money market account

What is NOT necessary to do when renting a house or apartment?

pay for an inspection of the dwelling

What type of dwelling is economical and portable?

prefabricated home

A(n) _______ is a low interest money holding option.

savings account

What type of dwelling is the most common and the most expensive?

single-family home

How does the government provide incentive for giving charity to those in need?

tax deductions

Which of the following would NOT be a type of commodity?

televisions

A typical check does NOT include _________.

the bank's telephone number

What is the purpose of a foreclosure?

the takeover of a home once the owners can no longer make the payments

A(n) _______ is also known as a CD.

time deposit

What type of dwelling is connected to other homes and has little to no yard?

townhouse

The ____________________ provides an average of the performance of the top 500 companies in the United States.

Standard and Poor's 500