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5 Written Questions

5 Matching Questions

  1. Earned Income
  2. Payday Loan
  3. Simple Interest
  4. Capital Loss
  5. Savings Account
  1. 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.
  2. b Earnings from employment, including commissions and tips.
  3. c A financial institution deposit account that pays interest and allows withdrawals.
  4. d Interest calculated periodically on loan principal or investment principal only, not on previously earned interest.
  5. e Monetary loss that occurs when the selling price of an asset is less than the original amount invested.

5 Multiple Choice Questions

  1. A person who lends money at an exorbitant rate of interest.
  2. The location where a transaction occurs. POS software can track sales, inventory, and customer information.
  3. The feature of an investment in which taxes due on principal and/or earnings are postponed until funds are withdrawn, often at retirement.
  4. A document representing a loan of more than one year to the U.S. government, to be repaid, with interest on a specified date.
  5. 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

  1. PrivacyFreedom from unauthorized release of personal information.

          

  2. StockAn investment that represents shares of ownership of the assets and earnings of a corporation.

          

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

          

  4. FICAA measure of the likelihood of loss or the uncertainty of an investment's rate of return.

          

  5. Debit CardA measure of a person's financial condition at a given time, equal to what that person owns (assets) minus what that person owes (liabilities).

          

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