5 Written Questions
5 Matching Questions
- Earned Income
- Payday Loan
- Simple Interest
- Capital Loss
- Savings Account
- a An easy-access credit business that makes high interest loans for the period of the borrower's pay cycle. This practice is illegal in some states.
- b Earnings from employment, including commissions and tips.
- c A financial institution deposit account that pays interest and allows withdrawals.
- d Interest calculated periodically on loan principal or investment principal only, not on previously earned interest.
- e Monetary loss that occurs when the selling price of an asset is less than the original amount invested.
5 Multiple Choice Questions
- A person who lends money at an exorbitant rate of interest.
- The location where a transaction occurs. POS software can track sales, inventory, and customer information.
- The feature of an investment in which taxes due on principal and/or earnings are postponed until funds are withdrawn, often at retirement.
- A document representing a loan of more than one year to the U.S. government, to be repaid, with interest on a specified date.
- 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.
5 True/False Questions
Privacy → Freedom from unauthorized release of personal information.
Stock → An investment that represents shares of ownership of the assets and earnings of a corporation.
Medicaid → A program, financed by state and federal government tax revenues, to pay specified health care costs care for those who cannot afford them.
FICA → A measure of the likelihood of loss or the uncertainty of an investment's rate of return.
Debit Card → A measure of a person's financial condition at a given time, equal to what that person owns (assets) minus what that person owes (liabilities).