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5 Written questions

5 Matching questions

  1. Dividends
  2. Privacy
  3. Warranty
  4. Time Value of Money
  5. Point of Sale (POS)
  1. a The location where a transaction occurs. POS software can track sales, inventory, and customer information.
  2. b Freedom from unauthorized release of personal information.
  3. c A written guarantee from the manufacturer or distributor that specifies the conditions under which the product can be returned, replaced, or repaired.
  4. d The potential of an investment to increase in value through periodically compounded earnings.
  5. e Earnings from corporate stock or credit union share accounts.

5 Multiple choice questions

  1. A method of selecting a course of action after gathering and evaluating information and considering the costs and benefits of various alternatives and consequences.
  2. The means of settling a financial obligation, such as by cash, check, credit card, debit card, smart card, or stored value card.
  3. A strategy for reducing some types of risk by selecting a wide variety of investments.
  4. Income that results when the selling price of an asset is greater than the original purchase price.
  5. Provides property damage and liability coverage under specific circumstances.

5 True/False questions

  1. Financial AdvisorThe 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.

          

  2. Financial LiteracyThe ability to use knowledge and skills to manage one's financial resources effectively for lifetime financial security.

          

  3. DeductibleA program, financed by state and federal government tax revenues, to pay specified health care costs care for those who cannot afford them.

          

  4. Debit CardAid in the form of money or necessities for those in need; often from a government program.

          

  5. Probate CourtThe government institution with jurisdiction over a deceased person's will and estate.

          

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