5 Written questions
5 Matching questions
- Easy Access Credit
- Close-end Credit
- Finance Charge
- a A fraudulent or deceptive act.
- b A position of employment with specific duties and compensation. (See Career.)
- c A specific-purpose loan requiring repayment with interest and any other finance charges by a specific date. Examples include most mortgages or auto loans.
- d The total dollar amount paid for credit. Example: A $100 loan repaid with $9 interest plus a $1 service fee has a finance charge of $10.
- e Short-term loans granted regardless of credit history, often for very short periods and at high interest rates. (See Pawnshops, Payday loans, Rent-to-own, and Title loans.)
5 Multiple choice questions
- A legally binding agreement between two or more parties.
- A state or federally chartered for-profit financial institution that pays dividends on deposits and makes mortgage loans.
- Earnings from corporate stock or credit union share accounts.
- Protects from losses due to damage to the contents of a dwelling rather than the dwelling itself.
- The assets and debts that a person leaves at death.
5 True/False questions
Social Security → Stock ownership in a corporation.
Probate Court → The government institution with jurisdiction over a deceased person's will and estate.
Tax Deferral → Gross wage or salary, plus bonuses, minus deductions such as for taxes, health care premiums, and retirement savings.
Rate of Return → Annual 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.
Savings Account → A financial institution deposit account that pays interest and allows withdrawals.