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of 138 available terms

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5 Written Questions

5 Matching Questions

  1. Pawnshop
  2. Collection Agency
  3. Compensation
  4. Long-Term Care Insurance
  5. Health Insurance
  1. a Payment and benefits for work performed; also payment to injured or unemployed workers or their dependents.
  2. b A business that specializes in obtaining payments from debtors who have defaulted on their loans.
  3. c Covers specific costs of custodial care in a nursing facility or at home.
  4. d An easy-access credit business that makes high-interest loans secured by personal property collateral, such as jewelry.
  5. e Covers specific medical costs associated with illness, injury, and disability.

5 Multiple Choice Questions

  1. Aid in the form of money or necessities for those in need; often from a government program.
  2. The location where a transaction occurs. POS software can track sales, inventory, and customer information.
  3. A financial institution deposit account that pays interest and allows withdrawals.
  4. The shifting of money from one financial institution account to another without the physical movement of cash.
  5. The influence that a social group has on an individual, based on the individual's desire for the group's approval.

5 True/False Questions

  1. Credit UnionA state or federally chartered not-for-profit financial cooperative that provides financial services to its member-owners, who have met specific employment, residence, or other eligibility requirements.

          

  2. Loan SharkA person who lends money at an exorbitant rate of interest.

          

  3. WillCompensation for work, usually calculated on an hourly, daily, or piecework basis and paid on schedule—usually weekly, biweekly, or monthly. (See Salary.)

          

  4. FraudIntentional and illegal deception, misrepresentation, or concealment of information for monetary gain.

          

  5. Rate of ReturnAnnual earnings on an investment expressed as a percentage of the amount invested; also known as yield. Example: A $3 annual dividend divided by $34 share cost = 0.088, an 8.8% rate of return.

          

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