5 Written Questions
5 Matching Questions
- Savings & Loan Association
- a A legally binding agreement between two or more parties.
- b An amount paid for a service beyond what's required, usually to express satisfaction; also known as a gratuity.
- c Something owed, usually measured in dollars.
- d A state or federally chartered for-profit financial institution that pays dividends on deposits and makes mortgage loans.
- e The dollar amount or percentage of a loss that is not insured, as specified in an insurance policy.
5 Multiple Choice Questions
- 1. An amount of money originally invested, excluding any interest or dividends. 2. An amount borrowed, or an outstanding loan balance.
- Earnings from sources other than employment, including investment returns and royalties.
- 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.
- Provides property damage and liability coverage under specific circumstances.
- Another name for budget.
5 True/False Questions
Point of Sale (POS) → The location where a transaction occurs. POS software can track sales, inventory, and customer information.
Risk → A measure of the likelihood of loss or the uncertainty of an investment's rate of return.
Open-end Credit → A specific-purpose loan requiring repayment with interest and any other finance charges by a specific date. Examples include most mortgages or auto loans.
Savings Bond → A financial institution deposit account that pays interest and allows withdrawals.
Trust → A government fee on business and individual income, activities, or products.