5 Written questions
5 Matching questions
- Easy Access Credit
- Business Plan
- Grace Period
- a A description of a company's organizational structure, staff, activities, and marketing and financial plans, including expected sources of income and expenses.
- b 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.)
- c An investment that represents shares of ownership of the assets and earnings of a corporation.
- d A time during which a borrower can pay the full balance of credit due and not incur finance charges or pay an insurance premium without penalty.
- e An expression of dissatisfaction with a product or service, often in the form of a letter to the seller or manufacturer documenting the problem and stating the desired solution.
5 Multiple choice questions
- The potential of an investment to increase in value through periodically compounded earnings.
- Protects the insured party from others' claims of loss due to the insured's alleged or actual negligence or improper actions.
- 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.
- Money that financial institutions, governments, or corporations pay for the use of investors' money.
- Stock ownership in a corporation.
5 True/False questions
Insurance → A risk management tool that protects an individual from specific financial losses under specific terms and premium payments, as described in a written policy document.
Compensation → Payment and benefits for work performed; also payment to injured or unemployed workers or their dependents.
Personal Finance → The positive difference between total revenue and total expenses of a business or investment.
Budget → A legal arrangement through which a trustor manages a trustee's assets for the good of one or more beneficiaries.
Ethics → A set of moral principles or beliefs that govern an individual's actions.